California coastal commissioners voted down a controversial proposal to develop one of the largest open private parcels of land on the Southern California coast, according to Bettina Boxall and Dan Weikel of the Los Angeles Times.

The proposal called for construction of 895 homes, a hotel and shops on an Orange County oil field overlooking the Pacific Ocean. It's one of the biggest developments to go before the Coastal Commission in years.

The developers can submit a new proposal in six months or challenge the decision in court. “We are extremely disappointed. It is too early to speculate about our options," said Banning Ranch spokesman Adam Alberti.

The Coastal Commission staff has recommended a small development for the site.

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