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[] of industrial development is expanding yearly and will continue as

the area develops.

Other properties zoned M-1 and M-2 are located along

Sierra Highway. The Newhall Refinery is situated along this high-

way close to the southern boundary of the proposed city. Nearby

are oil fields.

corporate, professional and financial centers are being

developed:

In Valencia, a 54 acre Corporate Center is now being

developed and presently houses the corporate headquarters of Amer-

[] ican Pharmaseal. Adjacent to an eighteen hole golf course, the
center is considered a prime location for future corporate utili-

zation. A professional and financial center is being developed on

Valencia Boulevard near the Santa Clarita Valley Civic Center.

Other development is occuring along Lyons Avenue and in the older

sections of the community of Newhall.
The Santa Clarita Valley offers tremendous growth poten-

tial for recreational uses.Six Flags Magic Mountain, Castaic
Lake Recreational Facility, Pyramid Lake and the Angeles National

Forest all attract vacationers, "day users," and guests.
Six Flags Magic Mountain, a major ride park located on 260

acres, including 104 acres for entertainment, is a major regional
.attraction and the Santa Clarita Valley's largest employer. Pro-

viding jobs for more _than 2,500 persons in 1986, 500 of them on a
[ full time basis, this subsidiary of Bally Manufacturing employs

over 2,000 young people part time. More than 2,700,000 visited
the park in 1985, and expansion plans envision a doubling of this