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

Sal Santamaura

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Nov 21, 2005
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Location
San Clemente, California
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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.