Tejon Mountain Village Planning Commission Hearing Scheduled

Tuesday, September 08, 2009

FOR IMMEDIATE RELEASE

Tejon Mountain Village to be Considered by the Kern County Planning Commission on September 10th

Lebec, Calif. (September 2009) – Plans and environmental studies for Tejon Mountain Village, a proposed mountain resort community on Tejon Ranch, will be considered by the Kern County Planning Commission on Thursday, September 10th at 7 p.m. The public hearing is the most significant milestone for the proposed community since its initial planning and scientific studies began more than a decade ago.

“We’ve spent years planning Tejon Mountain Village to be a remarkable mountain resort community – a place that compliments the existing Mountain Communities and offers people a chance to experience one of California’s most spectacular landscapes,” said Roberta Marshall, General Manager and Vice President of Tejon Mountain Village. “This is an exciting and important next step in the process and we look forward to presenting our plans to the Planning Commissioners.”

The public meeting will be held in the chambers of the Board of Supervisors located at:

Kern County Administrative Center 1115 Truxtun Avenue, Bakersfield, CA

Community Details

Tejon Mountain Village is planned on 26,417 acres 40 miles south of Bakersfield in the Tehachapi Mountains. The plan proposes to preserve 80 percent of the land as open space; an area roughly one-third the size of Bakersfield. The developed portion of the community is proposed with: • Up to 3,450 new homes (ranging from resort condominiums to multi-acre custom lots) • 160,000 square feet of publicly accessible commercial space and new tourist and resort facilities • Recreational amenities, including golf and equestrian opportunities and about 75 miles of hiking, biking and equestrian trails

The community is expected to generate an estimated 3,100 new jobs, including 1,600 construction jobs during the expected 15- to 20-year build-out process and 1,500 permanent positions. The community will also provide funding for public services such as fire stations and equipment, Sheriff facilities, libraries and schools as well as provide improvements to local interchanges with Interstate 5.

Continued Public Process

Thursday’s Planning Commission hearing follows the May 27th release of the County’s Draft Environmental Impact Report for Tejon Mountain Village for public review. The Kern County Board of Supervisors is expected to consider the proposal following the Planning Commission’s recommendation.

About Tejon Mountain Village

As a part of the Tejon Ranch Vision of conservation, continued ranching, and limited development, Tejon Ranch and DMB Associates are carefully planning the development of Tejon Mountain Village. With approximately 80 percent of its land preserved as natural open space, Tejon Mountain Village will be a remarkable, environmentally sensitive mountain resort community. www.TejonMountainVillage.com.

About DMB Associates

DMB Associates is Tejon Ranch’s partner in Tejon Mountain Village. DMB is one of the most respected real estate companies in the West, known for creating sustainable communities that thoughtfully and responsibly address the environment. DMB”s business practices are predicated on creating truly great places and on forging lasting, mutually beneficial partnerships with stakeholders, municipalities, landowners and communities. More information about DMB Associates can be found online at www.dmbinc.com.

About Tejon Ranch

Tejon Ranch Co. is listed on the New York Stock Exchange under the symbol TRC. Tejon Ranch is a diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. More information about Tejon Ranch Co. can be found online at www.tejonranch.com. # # #

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