Antioch is restarting the review process for development of a 540-acre piece of land nestled in the hills south of the city known as Roddy Ranch. The long-anticipated development of luxury homes that city leaders say will draw executives and ultimately businesses has been mired in financial trouble since its conception. It was also at the center of a contentious debate in the mid-2000s over growth.
Here is a timeline highlighting the progress of Roddy Ranch.
1976: Jack Roddy buys 2,156 acres southeast of Antioch.
1996-97: Faced with foreclosure, Roddy forms a partnership with Wayne Pierce, who invests cash and arranges loans. Pierce owns 80 percent of the new company while Roddy owns 20 percent.
1998: Partners sign a deal with broker David Fitzgerald to finance a golf course and 1,000 luxury homes on the property.
1999-2000: Fitzgerald sells $35 million in municipal bonds to finance the project. Investors will be repaid with proceeds of houses.
2000: Contra Costa County shrinks the urban limit line, which places a large portion of the ranch off-limits to housing.
March 2001: Officials revoke Fitzgerald's securities and broker licenses.
April 2001: Ranch defaults on bond payments.
July 2002: Ranch files for bankruptcy.
August 2003: At the request of creditors, a judge appoints a trustee to take over Roddy Ranch.
May 3, 2004: Richland Communities offers $31 million for the ranch in a courtroom auction.
June 30, 2004: Richland fails to close escrow for undisclosed reasons.
January 2005: A consortium of owners -- Black Mountain Development of Pleasanton, Castle Companies of San Ramon and Pacific Coast Capital Partners of Sacramento -- forms Roddy Ranch PBC and buys the property out of bankruptcy.
November 2005: Antioch voters approve Measure K, which sets the city's urban limit line to include Roddy Ranch.
November 2006: Roddy Ranch was annexed into Antioch by county land formation commission, allowing for the use of city services such as police, fire, sewer and water.
January 2009: Antioch releases draft environmental impact report.
July 2009: Ownership group Roddy Ranch PBC defaults on property.
January 2010: Roddy Ranch property purchased by GKK Roddy Ranch Owner LP at a trustee sale.
August 2012: Antioch releases recirculated draft environmental impact review.