The Sargent Ranch northwest of San Juan Bautista, where discovery of forged tribal papers killed a major development project, is slated to be sold at a foreclosure auction July 26. The lender seeks to recover $21.6 million.
The company looking to develop the 6,400-acre Sargent Ranch just south of Gilroy filed for Chapter 11 bankruptcy on Monday, owing more than $90 million on the property at the time.