![Layoffs, plunging stock and a tough first quarter 2017 were eclipsed by the release of the Centennial project draft environmental impact report last week. Above, the Tejon Commerce Center (formerly known as the Tejon Industrial Complex) is the most productive sector of TRC's diversified development portfolio at the moment. It is on the valley floor, bisected by the Interstate 5 at the northern base of the Grapevine, where a plan to build 12,000 new homes over 20 years received a green light in Kern County last year. Now the long-awaited Centennial project to the south, in Los Angeles County is moving through the CEQA process. [Tejon Ranch promotional photo]](https://mountainenterprise.com/wp-content/uploads/IKEA-jobshomes-copy-324x164.jpg)
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Layoffs, plunging stock and a tough first quarter 2017 were eclipsed by the release of the Centennial project draft environmental impact report last week. Above, the Tejon Commerce Center (formerly known as the Tejon Industrial Complex) is the most productive sector of TRC's diversified development portfolio at the moment. It is on the valley floor, bisected by the Interstate 5 at the northern base of the Grapevine, where a plan to build 12,000 new homes over 20 years received a green light in Kern County last year. Now the long-awaited Centennial project to the south, in Los Angeles County is moving through the CEQA process. [Tejon Ranch promotional photo]![Layoffs, plunging stock and a tough first quarter 2017 are eclipsed by the announcement of the Centennial project draft environmental impact report last week. Above, the Tejon Ranch administration building in Lebec. [Gary Meyer photo for The Mountain Enterprise]](https://mountainenterprise.com/wp-content/uploads/TejonHeadquarters-324x186.jpg)
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Layoffs, plunging stock and a tough first quarter 2017 are eclipsed by the announcement of the Centennial project draft environmental impact report last week. Above, the Tejon Ranch administration building in Lebec. [Gary Meyer photo for The Mountain Enterprise]
Layoffs, stock drop balanced by ticking clock on Centennial
By Patric Hedlund, TME
The long-awaited release of a draft environmental impact report (DEIR) for Tejon Ranch Company’s Centennial project took the spotlight off of 11 recent layoffs of management and support staff at Tejon Ranch Company of Lebec last week.
The clock is ticking on the 60-day public review period for the DEIR. July 17 is the deadline for written comments. A public hearing will be held June 29, 6–9 p.m. at Gorman Elementary School.
Centennial has been on the drawing board for over 12 years. The project…(please see below to view full stories and photographs)
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This is part of the May 26, 2017 online edition of The Mountain Enterprise.
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