Yorba Linda revises profit expectations from sale of Bastanchury Road property

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Yorba Linda will receive fewer dollars than anticipated from the sale of a portion of the city-owned property once leased to church groups planning a Friends Christian High School for 1,200 students from mostly North Orange County cities.

Some “concerns in the high-end housing market” and additional soil remediation requirements will result in the city receiving about $2 million less for the property on the north side of Bastanchury Road between Casa Loma and Eureka avenues.

The City Council recently amended the sales agreement with Pacific Cascade Group, which plans to build 23 homes on the southern 13 acres of a 32-acre parcel previously designated for the $53 million campus. The school project was dropped in 2012 because of funding setbacks.

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