Editing Laguna Niguel, California (section)

===Laguna Niguel Corporation===

The completion of [[Interstate 5]] in 1959 enabled easy access to job centers in Los Angeles County, creating a boom in the Orange County housing market. In 1959, [[Cabot, Cabot & Forbes]] and [[Paine Webber]] partnered to form the Laguna Niguel Corporation, which purchased the Daguerre land to develop one of California's first master planned communities. Cabot Road and Forbes Road were named in legacy after the company. The initial {{convert|7100|acre|ha|adj=on}} town plan was created by Viennese architect [[Victor Gruen]] and expanded beginning in 1971 by [[AVCO]] Community Developers after they acquired the Laguna Niguel Corporation.<ref name="LNhistory"/><ref name="niguelshores"/><ref>{{Cite news| issn = 0362-4331| last = Hammer| first = Alexander R.| title = AVCO UNIT TO GET SHARE OF LAGUNA; $19-Million Transaction Set by the Two Concerns| work = The New York Times| access-date = October 14, 2016| date = October 14, 1969| url = https://query.nytimes.com/gst/abstract.html?res=9B07E1D9123CEE34BC4C52DFB6678382679EDE&legacy=true|url-access=subscription }}</ref> The name of the city was created from "Laguna", a reference to the tidal lagoon that once formed at the mouth of Aliso Creek, and the name of the Acjachemem village Niguili that once occupied the area. As the city would be developed in stages, ranchers and farmers signed annual leases with the Laguna Niguel Corporation to use the land until the planned communities were built.

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 | image1 = Terrace model home, Laguna Niguel, 1961.jpg
 | caption1 = Terrace model home, Laguna Niguel, 1961
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In contrast to a traditional [[bedroom community]], Laguna Niguel was designed so that "families should have most of their economic needs and their social and cultural interests met by facilities within the community".<ref name="niguelshores"/> The plan was also notable for its emphasis on parks and open space – comprising nearly a third of the land to be developed. The Laguna Niguel Corporation went public in April 1959 and raised an initial $8.2 million from investors. In 1962 the first tracts of Monarch Bay and Niguel Terrace were completed, consisting of 565 homes.<ref name="niguelshores"/> In 1960, the Moulton Niguel Water District (which today serves all of Laguna Niguel) was established by a conglomerate of ranchers, to import water from the [[Colorado River Aqueduct]] as the area lacked a sufficient natural water supply.<ref>{{cite web|url=http://www.mnwd.com/facts-and-figureshistory/|title=Facts, Figures and MNWD's History|publisher=Moulton Niguel Water District|access-date=July 28, 2016|archive-url=https://web.archive.org/web/20160731061342/http://www.mnwd.com/facts-and-figureshistory/|archive-date=July 31, 2016|url-status=dead}}</ref> In 1964, Crown Valley Parkway was completed from I-5 to the Pacific Coast Highway, facilitating transport through the growing city.<ref name="niguelshores"/> By 1965 the population of Laguna Niguel reached 1,000.<ref name="ocregister">{{cite news|url=http://www.ocregister.com/articles/niguel-650970-laguna-city.html|title=Laguna Niguel: Looking back at our heritage|newspaper=Orange County Register|author=Yee, Christopher|date=February 11, 2015|access-date=July 25, 2016}}</ref>

The Laguna Niguel Homeowner's Association was formed in 1966 as an advisory to the [[Orange County Board of Supervisors]] (which governed the unincorporated community). In 1973 [[Laguna Niguel Regional Park]] opened to the public. The [[Chet Holifield Federal Building]] (a local landmark popularly known as the "Ziggurat"), designed by [[William L. Pereira]], was constructed for [[Rockwell International]] in 1971 and was meant to bring 7,000 jobs to the area.<ref>{{cite news|url=http://www.ocregister.com/articles/building-676265-ziggurat-government.html|author=Lemas, Matt|title=The Ziggurat: How a white elephant became a county landmark|newspaper=Orange County Register|date=August 22, 2015|access-date=July 25, 2016}}</ref> It was traded to the US [[General Services Administration]] in exchange for industrial facilities elsewhere.<ref name="GSA">{{cite web|url=http://www.gsa.gov/portal/ext/html/site/hb/category/25431/actionParameter/exploreByBuilding/buildingId/1284|title=Chet Holifield Federal Building, Laguna Niguel, CA|publisher=U.S. General Services Administration|access-date=July 25, 2016}}</ref>