By Pacific Coast Business Times Staff Monday, May 31st, 2010

After struggling for years in the golf world, Simi Valley’s Lost Canyons is ready to try its hand in the residential real estate market.

The owners of the 1,770-acre site in north Simi Valley have taken the first steps in the city’s approval process to rezone and redevelop the two 18-hole public courses into a 364-home gated community. If their project is approved, Lost Canyons’ developers would convert one of the public courses to a private course, and the other would be removed to make room for a master-planned neighborhood.

The ambitious proposal comes after years of declining revenues for the golf courses, which opened in 2000.

The full version of this article is only available in the print edition. To view everything the Business Times offers, see this week’s print version or SUBSCRIBE to the print edition for $49.99 today.