Business Journal: New Tsakopoulos Project

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(Sacramento, CA)
Wednesday, July 27, 2005

The 7,800 acre ranch could one day become a major new community in El Dorado County. Industry sources say Tsakopoulos’ AKT Development Corporation paid up to $39 Million for the Cook Ranch, also known as Cinnabar.

The purchase continues Tsakopoulos’s practice of buying big tracts of land in the path of development. But Cook Ranch may someday be a battle ground for the developer, since environmentalists don’t want to see the pristine countryside developed.

But for now, AKT is going to keep leasing the grassy foothill acreage for cattle grazing. The ranch is south of Placerville, west of Highway 49.