Local News in Brief : Land Destined for Fairway
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The last remaining vacant Palos Verdes Peninsula land owned by the pioneer Vanderlip family is slated to become a championship golf course serving a proposed hotel and conference center at the defunct Marineland.
The Monaghan Co., developer of the hotel, announced Wednesday that it has obtained the 316-acre tract by purchasing the Filiorum Corp., which is composed of 13 descendants of financier Frank Vanderlip Sr. Vanderlip purchased 16,000 acres--most of the Peninsula--in 1913 for $1.5 million. The price paid for Filiorum, whose only asset was the land, was not disclosed.
The property--about a mile east of the 102-acre Monaghan site at Long Point--is on the north side of Palos Verdes Drive South between Barkentine Road and the Wayfarers’ Chapel in Rancho Palos Verdes.
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