Corona MORTGAGE LENDER

Corona is Spanish for crown or wreath. Originally called South Riverside, citizens wanted to distinguish their city from the larger city of Riverside to the north. When it came time to incorporate the city a number of different names were considered, but the name Corona was chosen to play upon a unique feature of the city, the one-mile diameter drive that circled the center of the town.

Corona was founded at the height of the Southern California citrus boom in 1886, and is situated at the upper end of the Santa Ana River Canyon, a significant pass through the Santa Ana Mountains. The town of Corona was once the “Lemon Capital of the World”. A museum there presents the lemon’s former role in the local economy. The city derived its name (and its nickname, “The Circle City”) from the unique layout of its streets, with a standard grid enclosed by the circular Grand Boulevard, 2.75 miles (4.43 km) in circumference. The street layout was designed by Hiram Clay Kellogg, a civil engineer from Anaheim who was an influential figure in the early development of Orange County.

Corona was established as a town by the South Riverside Land and Water Company. The company was incorporated in 1886; founding members included ex-Governor of Iowa Samuel Merrill, R.B. Taylor, George L. Joy, A.S. Garretson, and Adolph Rimpau. Originally a citrus growers’ organization, it purchased the lands of Rancho La Sierra of Bernardo Yorba, and the Rancho Temescal grant and the colony of South Riverside was laid out. They also secured the water rights to Temescal Creek, its tributaries and Lee Lake. Dams and pipelines were built to carry the water to the colony. In 1889, the Temescal Water Company was incorporated, to supply water for the new colony. This company purchased all the water-bearing lands in the Temescal valley and began drilling artesian wells.

Originally located in San Bernardino County, the city was named “South Riverside” and received its post office in that name on either May 27 or August 11, 1887 with Charles H. Cornell as the town’s first postmaster. In 1893, South Riverside became part of the new Riverside County. In 1896, the city was renamed “Corona” for its circular Grand Boulevard, where three international automobile races were held in 1913, 1914 and 1916.

The city of Corona has been popular among celebrities drawn to its upscale areas and relative privacy compared to Los Angeles. Lucille Ball and Desi Arnaz spent time at their ranch, located in north Corona, and played golf often at the Cresta Verde Golf Course in the northeastern section of the city. After their divorce, Mr. Arnaz continued to live in Corona.

In recent years Corona has been known as the “Gateway to the Inland Empire”. Prior to the 1980s, the city was largely an agricultural community, dominated by citrus orchards, ranches, and dairy farms. High real estate prices in Los Angeles and Orange counties made the area’s land desirable to developers and industrialists, and by the late 1990s Corona was considered a major suburb of Los Angeles.^{[citation needed]}

Housing development in the city has been accelerated by access to the area via the SR 91, with many families leaving Orange County to larger, more affordable housing available in the city. The construction of the nearby SR 71 has linked Corona to the Pomona and San Gabriel valleys. Due to traffic caused by Corona’s considerable growth, toll lanes have been built along the 91 freeway, with future toll lane expansions under construction and in the planning stages along Interstate 15. While there were talks to construct a proposed 10-mile (16 km) automobile and rail tunnel under Santiago Peak to connect Interstate 15 in Corona with Interstate 5 and SR 55 in Orange County to reduce commuter traffic on the crowded 91 freeway, this concept has been shelved indefinitely.

In 2002, the city government considered an initiative to secede from Riverside County and form an autonomous Corona County because the city government and some residents were dissatisfied with how services were handled in nearby areas. The effort was also considered by areas in other cities in the western part of the county as far south as Murrieta. Whether nearby cities such as Norco would have been included in the new county are unknown. The proposed county would have been bordered by San Bernardino County to the northwest, and by Orange County to the west, but it never came to fruition.