Boswell drops plans to build a new town in a scenic California valley

J.G. Boswell Co. is dropping plans to build the Yokohl Ranch project, a proposed planned community in scenic Yokohl Valley in the foothills east of Exeter, Tulare County officials said Thursday.

The decision to withdraw the application is based on the company’s analysis of market conditions and investment costs, the county said. The proposal to build a new town of 30,000 people and 10,000 homes was first floated in 2004.

The decision “is consistent with the company’s strategic goal of building shareholder value by directing resources and efforts to its core agricultural businesses,” the county said in a statement.

Boswell will keep operating Yokohl Valley Ranch Company as it has since 1963.

This story was originally published February 1, 2018 at 2:32 PM with the headline "Boswell drops plans to build a new town in a scenic California valley."