A developer has won a lawsuit against the state in its efforts to relocate residents of an Oxnard mobile home park.
Oakwood Development Incorporated had received a commitment for a $15 million dollar loan from Oxnard’s redevelopment agency to move the park residents as a part of a project to rebuild the Wagon Wheel area, just off the 101 Freeway at Highway 1.
But, when the state eliminated redevelopment agencies as the result of its effort to redistribute tax revenues, the loan was blocked. The court ruling means that the developer will now get the loan, which will be used to help build a $40 million dollar plus apartment complex which will house the trailer park’s current residents. The families will get the first shot at affordable housing unit in the new complex, plus thousands of dollars in compensation for moving.
The City of Oxnard has approved Oakwood’s plans to build a $450 million dollar development which includes 1,500 homes, and 50,000 square feet of commercial space on the 64 acre Wagon Wheel site.