It's been in the works for 20 years and it will be a 20 - 30 year project with four different villages. Shopping, jobs, parks, schools...the whole enchilada!
I had the pleasure of walking the area, with a Newhall Ranch representative and large group of fellow interested parties, several years ago. It is a beautiful area and I'm sure Valencia and our surrounding communities looked very similar....back in the day.
I do love Santa Clarita. I think it's a beautifully master planned community. I also think that this Newhall Ranch will be just as lovely.
If you want to follow the progress and keep up on the project, they have a website with quite a bit of information on it: