Wednesday, October 05, 2005

Large Apache Junction Parcel Sale

AJ parcel sale will be the start of something big...

The Arizona Republic reports that the State Land Department is planning to auction a 1,650-acre parcel of land this coming summer located just south of the U.S. 60 in Apache Junction.

An additional 6,100 acres will be sold over time to complete the first master-planned community in the area on state land. The development is called Lost Dutchman Heights.

The state has hired an outside firm, Lend Lease Communities, to help plan the first auction of the 1,650 acres. Eventually, Pinal County state land sales are expected to generate as much as $10 billion. More...

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