COMPANY MAY SELL COLORADO PROJECT.Byline: Patricia Farrell Farrell, city (1990 pop. 6,841), Mercer co., W central Pa., on the Shenango River at the Ohio line and adjoining Sharon, Pa.; inc. 1901. It is a railroad center, and its steel- and ironworks industries have declined. Aidem Staff Writer The Newhall Land and Farming Company The Newhall Land and Farming Company is a land management company based in Valencia, California, United States. The company is responsible for the master community planning of Valencia, as well as the management of farm land elsewhere in the state. is negotiating to sell a proposed 3,000-home Colorado Colorado, state, United States Colorado (kŏlərăd`ə, –răd`ō, –rä`dō), state, W central United States, one of the Rocky Mt. states. project, the developer's second out-of-state out-of-state adj. Of, relating to, or being from another state. venture. Valencia-based Newhall Land is talking with a possible buyer, and a deal could close by the end of the year, company spokeswoman Marlee Lauffer said. Newhall Land has an option to buy land in Broomfield, Colo., about 15 miles outside of Denver. The agricultural land is on the north side of Broomfield, a growing city with a population of about 40,000, said Teri Malies, a Broomfield planner. ``That's a very attractive area for development with its (proximity) to Denver and Boulder Boulder, city, United States Boulder, city (1990 pop. 83,312), seat of Boulder co., N central Colo.; inc. 1871. A Rocky Mountain resort and a suburb of Denver, it is the seat of the Univ. of Colorado (1876). and the high-tech growth that is occurring in the area,'' Lauffer said. The development concept has been presented to the Broomfield City Council for review, but no official project plan has been submitted to the city, Malies said. In the early '90s, Newhall Land developed in Scottsdale, Ariz., selling that project before it was complete. Locally, the company has been selling off retail centers to raise money to buy back shares of its own stock. |
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