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Bren Simon makes $21M California land purchase

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Bren Simon, the widow of Melvin Simon, has bought three adjoining properties in California's Ventura County for nearly $21 million and plans to build a home there, The Wall Street Journal reported Friday morning.

Bren Simon already owns a mansion in the Bel Air neighborhood of Los Angeles that she has put on the market for $50 million. IBJ reported she was selling the mansion in an April 15 story.

The Ventura County properties include 100 acres in Hidden Valley, near Thousand Oaks, The Wall Street Journal said. Two lots have homes and the third is used for livestock operations.

Bren Simon put her 20,000-square-foot Bel Air estate on the market in late February, about six months after the death of Melvin, the billionaire co-founder of Indianapolis-based Simon Property Group Inc.

It's not clear whether the planned sale could become an issue in the legal battle over Melvin's estate launched in January by his daughter Deborah.
 

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  • Pacers
    He doesn't "need" the $15M; he is just demanding it. Taxpayer blackmail. And the local administration and CIB seem to be dumb enough to fall for it.
  • Pacers
    Then why doesn't she spot her brother-in-law the $15mil a year he needs?

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    1. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

    2. 85 feet for an ambitious project? I could shoot ej*culate farther than that.

    3. I tried, can't take it anymore. Untill Katz is replaced I can't listen anymore.

    4. Perhaps, but they've had a very active program to reduce rainwater/sump pump inflows for a number of years. But you are correct that controlling these peak flows will require spending more money - surge tanks, lines or removing storm water inflow at the source.

    5. All sewage goes to the Carmel treatment plant on the White River at 96th St. Rainfall should not affect sewage flows, but somehow it does - and the increased rate is more than the plant can handle a few times each year. One big source is typically homeowners who have their sump pumps connect into the sanitary sewer line rather than to the storm sewer line or yard. So we (Carmel and Clay Twp) need someway to hold the excess flow for a few days until the plant can process this material. Carmel wants the surge tank located at the treatment plant but than means an expensive underground line has to be installed through residential areas while CTRWD wants the surge tank located further 'upstream' from the treatment plant which costs less. Either solution works from an environmental control perspective. The less expensive solution means some people would likely have an unsightly tank near them. Carmel wants the more expensive solution - surprise!

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