The 2,047 acre residential master planned development planned by Diamond Ventures, Inc. for 3,653 single family homes received unanimous approval from the Pima County Board of Supervisors to establish a CFD, Community Facilities District. The CFD will allow a taxing district to issue bonds over a period of 20 years as a means of reimbursing some of the public infrastructure constructed to serve the project, with repayment by property taxes within the District. Rocking K South is planned to open in 2018.
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Stone Canyon, Oro Valley Arizona
On December 8, the sale of a 48-acre parcel of land in Stone Canyon was closed. The buyer was Meritage Homes. Meritage will develop 36 lots on the 48-acre parcel for its customized home sales.
Heritage Collection at the Rim Lot Sale
Diamond Ventures sold a 1/2 acre lot at the Rim Club in Payson, AZ.