LAKE FOREST
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The long-awaited construction of the Portola Hills community’s only planned park has hit another snag: There’s not enough money to pay for it.
County officials announced this week that original estimates of the cost to build Concourse Park on a breezy, seven-acre vacant lot with an ocean view were far too low.
In a deal made with Portola Hills’ now-bankrupt developer, the Baldwin Co., the county can cash in a $648,250 bond to pay for developing the park on Saddleback Ranch Road.
But new estimates put the total cost of building the park at about $1.5 million, Lake Forest officials said.
The additional money is needed to level the edge of the park, where a 12-foot-high wall of dirt meets the street.
City and county officials pledged to work together to find the extra funds.
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