Very reliable sources have informed the Ladera Times that the Bridgepark Shopping Center, at the intersection of Crown Valley Parkway and Cecil Pasture Road, will be closed for two and a half days days -- all day Tuesday and Wednesday, October 13 and 14, and reopening the evening of Thursday, October 14 -- so the facility can be tented and fumigated for termites.
Sources also complained that the merchants will not be reimbursed for the two and a half days of down time by Westar Associates, the landlord for the facility. Ladera Times reporter Veronica Graff is following up on the story. Check back for more details.
Great News for Ladera Ranch Home Owners
In his September education column, Ram Mukherji reports that home owners in Ladera Ranch (and presumably those in the new community of Rancho Mission Viejo when they are assessed) will receive a 10% reduction in their Mello-Roos tax assessment in 2016 thanks to efforts by Capistrano Unified School District Director Jim Rearden.
Mello-Roos funds pay for the above and below ground infrastructures, primarily for all schools and the Public Library construction.
When Ladera Ranch was built, the Mello-Roos was approved by the Master Developer and Capistrano Unified School District. CUSD administers the Mello-Roos fund.
The Mello-Roos is generally a 20- to 30-year bond.
Since Ladera Ranch community was built, the interest rate for municipal debt has fallen. The bond also became callable.
With Trustee Jim Reardon spearheading an effort of refinancing the existing bond, the CUSD Board of Trustees became successful in refinancing the bond at an interest rate of 3.35%, saving about $9.17 million dollars (present value) or about 10 percent of the bond original value.
Starting in 2016, home owners will save about 10 percent of Mello-Roos tax.
The 60,000-square-foot gymnasium — which will be open to the public — will have eight full-sized basketball/volleyball courts, student study rooms, a 3,380 square foot strength and conditioning space as well as gym offices.
The facility’s 48,750 square feet of ball courts will have air conditioning and noise decibel reduction systems, superior wood flooring, ceiling-mounted basketball hoops and volleyball nets with 62 to 84 spectator seats per court. Live webcast-enabled cameras will be located on each court enabling parents and sports team scouts to remotely log in and watch games or practices as well as purchase recorded DVDs of the games. In addition, the gymnasium will offer a café providing an array of healthy food and snacks.
Located close to the 241 Toll Road and I-5 freeway near Crown Valley Parkway, the future home of the Ladera Sports Center is within walking distance to restaurants and stores. In addition, the facility will have approximately 300 parking spaces under and around the building with active security cameras and a number of electrical vehicle charging stations. The facility will be available for club team practices, youth and adult leagues and tournaments, youth camps and clinics as well as charity and community events.
“My family has lived in Ladera Ranch for more than 13 years, and we strongly believe in this community,” said Schwartz. “This new sports facility will create additional jobs and generate more visitors to retail and restaurants with the goal of placing Ladera Ranch on the map.”
SmartStop is currently seeking sponsors for the Ladera Sports Center from national brands and local businesses.
Opportunities include naming rights, court branding, gymnasium signage and online promotions. In addition, Ladera Sports Center is currently taking reservations for weekend tournaments and week day rentals. For more info call 714-202-6661 or e-mail email@example.com.
H. Michael Schwartz, chairman and CEO of SmartStop Self Storage (SmartStop®), announced the company has broken ground on Ladera Sports Center, a $35 million solar-powered multiuse facility in Ladera Ranch. The complex — being built on the last available land approved for development in Ladera Ranch, which SmartStop acquired in 2010 — is expected to open by the summer of
“We are excited to break ground on the Ladera Sports Center, a premier sports center for South County sports groups to finally have a place to call home,” said Mr. Schwartz. “Our main priority was to consider the needs of student-athletes by creating a safe, convenient home gym where they can coordinate their study time and workout sessions.”
The approximately 120,000-square-foot complex will be built on approximately four acres next to the 100,000-square-foot SmartStop flagship facility located on Terrace Road. The project will include a 42,000-square-foot storage facility with approximately 230 units; an expansion of the existing adjacent SmartStop Self Storage facility, a private fitness center and more than 15,000 square feet of office space for SmartStop’s expanding headquarters.
Steve Williams, director of Team Nikos Basketball Academy (TNBA), will oversee the Ladera Sports Center. Williams will be responsible for managing the day-to-day activities of the center.
Founded in 2007, TNBA is the most successful youth basketball program in South Orange County; last year its flagship team won the AAU Division III National Championships. The Ladera Sports Center will be the academy’s new home and training facility.
"We are thrilled to ultimately have a dedicated sports facility to provide our club families and players a consistent location for practices, training sessions, as well as hosted tournaments" said Williams, a former high school and college basketball player.
Stoneybrooke Christian Schools Ladera campus has closed and the land has been sold the land to Christopher Homes, a Newport Beach, California based home builder and land developer.
A 45-day feasibility study period and escrow will close 60 days from July 23 for an anticipated close in the middle of November.
According to Christopher Homes, the company plans on building 36 single family homes.
The LARMAC Board is scheduled to meet with the builder in early September to learn more about the project and determine what level of involvement LARMAC may have in this project.
For more area news, go to www.RanchoPostGazette.com, a media partner of the Ladera Times.