KB Home to Break Ground on 550-Home Community Near the Iconic Sylmar Cascades Community to Benefit From New Fire Station, Enhanced Equestrian Trails, Upgraded Public Golf Course WHAT: City officials and KB Home executives will break ground today on one of the largest single-family residential developments ever built in the City of Los Angeles. The development -- The Legends at Cascades -- will include a total of 550 for-sale residential units bordering the Cascades Golf Course. The property is located within splashing distance of the famous Sylmar Cascades, where in 1930 William Mulholland proclaimed "There it is, take it," as water cascaded for the first time through the final leg of the Los Angeles Aqueduct into the City of Los Angeles. WHO: Los Angeles City Council President Alex Padilla Los Angeles City Councilman Greig Smith KB Home Chairman and CEO Bruce Karatz Tom DiPrima, President, KB Home Greater LA/Ventura Division Los Angeles Fire Department Officials WHERE: 16325 N. Silver Oaks Dr., Sylmar, CA 91342 WHEN: Thursday, March 10, 2005, 10 to 11 a.m. VISUALS: Groundbreaking with Sylmar Cascades in background. Fire trucks will flank the groundbreaking site. WHY: The Legends at Cascades will help address the significant housing shortage experienced in the east San Fernando Valley. Located near the intersection of the I-5, 405 and 210 freeways, The Legends at Cascades will provide easy access to nearby employment centers in the San Fernando, Santa Clarita and Antelope Valleys. Contact: Samantha Culbert 310-689-7537 office 310-720-3427 on-site cell PRNewswire -- March 9 DATASOURCE: KB Home

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