Business and Finance
SACRAMENTO, Calif. (Map) -
The 2,300 acres were used primarily as a buffer between former aerospace and industrial facilities and are comprised mostly of pasture land and dredge tailings from previous mining operations. The investigation process identified limited areas with impacted soils. DTSC's approval was dependent upon the removal of those soils, the completion of a groundwater remedial action plan and the implementation of land use covenants to limit the use of groundwater.
"The release of this land from the environmental order is the result of a
cooperative effort between DTSC and Aerojet," said
The 2,300 acres are located in the City of Rancho Cordova and are within
the Rio Del Oro project plan. Currently in the entitlement process, the Rio
Del Oro project envisions a diverse mix of residential, commercial and open
space uses. GenCorp's portion of the Rio del Oro project is part of the
Company's proposed Easton master-planned community, which is comprised of more
than 6,400 acres of excess Aerojet property within the cities of Rancho
Cordova and Folsom, and the County of
"The agreement with DTSC is significant and is an important milestone in our efforts to return this land to beneficial use," said David C. Hatch, vice president, GenCorp Realty Investments, LLC.
About GenCorp
GenCorp is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate business segment that includes activities related to the entitlement, sale, and leasing of the Company's excess real estate assets. Additional information about the Company can be obtained by visiting the Company's web site at http://www.GenCorp.com.
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