Statement from Harman Technology regarding recent sale to Pemberstone Ventures Ltd.

Discussion in '[Partner] ILFORD PHOTO' started by Sean, Sep 15, 2015.

  1. Sal Santamaura

    Sal Santamaura Member

    Nov 21, 2005
    San Clemente, California
    Multi Format
    I should not think the Mobberley NIMBYs would object to those manufacturing facilities being redeveloped. That proposed "redevelopment" would actually shrink HARMAN's footprint, and no increase in employee headcount would accompany it.

    The fantasy of executing only the manufacturing portion of this proposal seems like an ideal situation for neighbors who want to see no new housing units, since their existing residential property values would likely increase with less industrial 'scenery' nearby. However, without profit from new housing development, HARMAN's landlord would have no reason to undertake the project.