I didn't post the sign, but I can confirm the presence of the vicious things, at least as of about a month ago. I think they are wasps and not bees. I was stung above the eye. It hurt. A lot. Afterward, my partner said to me, "Oh yeah, I heard last week some guy got stung there multiple times." (Thanks, Jeff!)
The nest is in the ground at the base of a small pine tree on the top of the cliff where both Layback and Inverted Layback top out. Someone had placed a small towel at the base of the tree, which I learned later from my helpful partner was intended to cover the nest. The wasps created a new hole next to the towel, however, and are apparently unhappy.