Move Over, Pebble Beach
Thursday, February 15, 2001
The tiny town of Del Rey Oaks has peered into its future, and it's spelled T-O-T. At a Tuesday presentation before the Del Rey Oaks City Council, developers of a proposed resort on the city's slice of the former Fort Ord estimated that the resort's hotel will rake in $2.5-3.7 million in transient occupancy tax annually for the tax-poor residential burg.
In December of 1998, DBO Development Co. signed an exclusive negotiating rights contract with Del Rey Oaks to develop its Fort Ord land, but until Tuesday, the council had not seen a fully developed plan for the site. As currently envisioned, the destination resort, called "Toscana," replicates an Italian hillside village and includes a 500-room hotel spread out over 80 acres, plus a spa, an equestrian center, a clubhouse, retail space and, of course, an 18-hole golf course.
While the plan is fully conceived on paper, the developers have a long way to go before breaking ground. Cleanup of unexploded ordnance on the site is still in progress, and the land has yet to be transferred over to the city. And problems like a lack of water and inadequate infrastructure need to be addressed before construction can begin.
Nevertheless, DBO hopes to have a project approved by the City Council in the fourth quarter of this year. No action was taken on Tuesday.
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