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Consultant presents industrial and business‑park analysis; council and residents debate next steps
Summary
Cosmont Companies presented a final analysis showing Lake Forest/Foothill Ranch holds about 9.6 million sq ft of industrial space, a market dominated by small and mid‑sized buildings important to the city's property‑tax base; residents questioned the cost and use of consulting studies and asked who will implement recommendations.
Cosmont Companies presented a final analysis of Lake Forest's industrial and business park inventory at the April 21 City Council meeting, highlighting the city's roughly 9.6 million square feet of industrial space, a building stock concentrated in smaller units (more than half under 50,000 sq ft), and a diversified employment base that supports stability in the general fund.
Andrew Perez, the consultant presenting the findings, said South County (including Lake Forest) totals about 47 million sq ft of industrial inventory and that Lake Forest and…
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