RANDALL PRESERVE
Conservation History
Here is a brief timeline that led to the conservation transaction, permanently protecting the Banning Ranch property (now called the Randall Preserve).
BANNING RANCH
Attempted Development
1999
Taylor Woodrow proposes 1,750 new houses on the property
2008
NBR proposes 1,375 houses, a resort hotel complex, and 75,000 square feet of commercial space on the property
2013-2015
NBR seeks approval for the development from the California Coastal Commission
The Banning Ranch Conservancy wins in court
2015
Appellate Court rules in favor of the City
2017
California Supreme Court rules in favor of Banning Ranch Conservancy, overturning the development
2005
The title transfers to an entity called Newport Banning Ranch LLC (NBR)
2012
The City of Newport Beach approves the development, prompting a local community group (Banning Ranch Conservancy) to sue
2014
The City of Newport Beach appeals the court decision
2016
NBR reduces the project to 895 houses and seeks approval from the Coastal Commission
Frank Randall (2022)
BANNING RANCH
Protection
After the Coastal Commission denied the proposed residential and hotel development project and the California Supreme Court ruled in favor of Banning Ranch Conservancy (BRC), titleholders Newport Banning Ranch LLC began discussions with The Trust for Public Land (TPL) to permanently protect the property.
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Through BRC’s community connections, Frank and Joan Randall pledged a private gift of $50 million to jumpstart the acquisition funding. Additional funding was later secured from public sources, completing the $97 million transaction.
BANNING RANCH
Acquisition Timeline
DATE | ACQUISITION FUNDER | GRANT | AMOUNT | |
2019 Nov | Randall Pledge* | Private | $50,000,000 | |
2021 July | Proposition 1 | $8,000,000 | ||
2021 Sep | Urban Flood Program | $5,812,500 | ||
2021 Dec | 2021-2022 State Budget Line Item | $7,812,000 | ||
2022 May | Acquisition Grant | $15,500,000 | ||
2022 May | National Coastal Wetlands Conservation Grant | $1,000,000 | ||
2022 May | Proposition 84 Proposition 117 | $10,500,000 |
*$2M of the Randall Pledge was available for stewardship costs for MRCA.
RANDALL PRESERVE
Oil Remediation Process & Status
The Randall Preserve’s $97 million purchase price included the costs for the multi-year cleanup and remediation of oil operations and infrastructure.
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The work started in 2022 and is scheduled for completion by the end of 2025. Remediation includes capping the dozens of remaining wells (Hundreds of wells have been drilled on the property over the years), removing miles of pipe and other infrastructure, and demolishing all structures on site.​
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The previous titleholders and operators, Aera Energ LLC, are in charge of remediation, which is under the oversight of the Santa Ana Regional Water Quality Control Board and the Remedial Action Plan (Original) developed for the property.
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