2nd Orange County Fairgrounds Request for Proposal
The State of California, through the Department of General Services, Real Estate Services Division, Asset Management Branch ("State") is making available for sale the real property comprising the approximate 150 acre site commonly referred to as the Orange County Fairgrounds ("Property"). The Property is located at 88 Fair Drive in the City of Costa Mesa, California ("City") on the west side of the Costa Mesa Freeway (Hwy 55) between Fair and Arlington Drives. The Property represents approximately 1.8% of the total land area within the City.
In September 2009, the Department issued a similar RFP for the disposition of the Property. The resulting bids were rejected by the Department because the Department determined the State would not obtain the highest and most certain return from those bids. This RFP, while similar to the September 2009 RFP, is a distinct and stand-alone RFP with revised conditions to the sale opportunity to include, but not limited to: a minimum bid price of $96,000,000; the State's acceptance of a secured promissory note subject to specific terms; and the elimination of an auction format after bids are opened.
Please click on the following link to view the 2nd Request for Proposal (RFP) for Orange County Fairgrounds
2nd Request for Proposal (RFP) for Orange County Fairgrounds,
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