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May 10, 2012

Talks lead to smaller plan for Pebble Beach

By JASON DEAREN
Associated Press

SAN FRANCISCO — For years, a company backed by Clint Eastwood, Arnold Palmer and former baseball commissioner Peter Ueberroth ran into an environmental buzz saw over their plans for developing a play land for the wealthy on a swath of prime California coastal real estate covered by rare Monterey pines.

After the Pebble Beach Co. in 1999 paid $820 million for 2,600 acres in Monterey County's Del Monte Forest, the company had unveiled plans for a new golf course, revamped polo fields and 100 new mansions near the famed Pebble Beach Golf Links.


 
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