MOUNTAIN AREA BOUGHT
AS SITE FOR DWELLINGS

    Purchase of a heavily forested 90-acre tract west of Lake Arrowhead in the San Bernardino National Forest, for development, with high restrictions, as a community of mountain homes and to be known as Lake Forest Estates, was announced in the week just ended. The property was bought by a syndicate of Southern California businessmen from Harley Wheeler, of Agua Fria.
    Associated in the project are William A. Godshall, Howard Burrell, Charles P. Dickinson, George M. Holstein Jr., Paul W. Trousdale and others.
    The property will be developed at an estimated cost of $1,000,000 and, additionally, a ranch-type hotel to cost $500,000 will be built on the highest point of the tract when materials supply and building conditions permit. The land purchase and plans were announced by Louis A. Schwanke of Lake Arrowhead who will be general manager of the development and is supervising the already started road building and construction of the water system. Ski jumps, bridle paths and trout-stocked pools are planned, it was stated. Ernest Wynkoop of San Bernardino is consulting engineer for the project.
    The Paul Spencer Construction Co., Los Angeles, is contractor for it.

Source:

Unknown, "Mountain Area Bought as Site for Dwellings," Los Angeles Times, Los Angeles, Sunday, 8 September, 1946, p. 15.