Developers Vie For Rights

Developers vie for rights to plan state land trust...

The Arizona Republic reports that developers and builders are competing to plan a 12-square mile area of state trust land in south Apache Junction called Lost Dutchman Heights.

Representatives from about 30 companies attended an informal meeting on the land on Tuesday. They have until August 26 to submit proposals to be chosen to plan about one square mile near Baseline and Goldfield Roads. The winner will be selected in September and the land will be sold at auction in July 2006.

As part of the process, the chosen planner will also create a development plan for another 11 square miles of vacant State Trust land in Apache Junction, which will be sold off in "super block parcels" of hundreds of acres or more over about seven years. Look for this area to be a development hot spot starting next year. More...