Aera Energy, a partner in Newport Banning Ranch LLC, sells coastal land in north Newport Beach for future generations to enjoy
Aera, a partner in Newport Banning Ranch LLC, has sold the 387-acre Newport Banning Ranch overlooking the Pacific Ocean to be put into conservation so it’s protected in perpetuity.
Newport Banning Ranch LLC recently sold the land to the Trust for Public Land in partnership with the California Natural Resources Agency, Mountains Recreation and Conservation Authority (MRCA) and Banning Ranch Conservancy. MRCA will serve as the public land steward.
“As a California company, Aera holds the values of Californians: we strive to innovate, we celebrate productivity, and we advocate for the preservation of our beautiful state,” said Erik Bartsch, president and CEO of Aera Energy LLC. “We are proud that this land is now in conservation and will forever be open space to be enjoyed by millions of people, in perpetuity.”
Read more in the Bakersfield Californian > https://www.bakersfield.com/news/aera-plays-key-role-in-large-orange-county-conservation-deal/article_73a61a9a-7fc2-11ed-8f3e-ffb16856e0a6.html