Valley developers begin work on largest planned community in western U.S.

Mike Ingram, left, chairman of El Dorado Holdings Inc., and Jerry Colangelo, partner with JDM Partners LLC, have teamed up to create Douglas Ranch in Buckeye. / Photo Jim Poulin / Phoenix Business Journal

 

By Angela Gonzales | Phoenix Business Journal

Developers of a proposed 37,000-acre master-planned community west of the White Tank Mountains hope to jump-start the massive project on two fronts: by luring in homebuilders and a major employer.

The companies responsible for the sprawling development — Phoenix-based JDM Partners LLC and Scottsdale-based El Dorado Holdings Inc. — are in discussions with homebuilders to determine who will be the first to build in the $10 billion Douglas Ranch community that is inside the city limits of Buckeye, about 35 miles west of Phoenix.

Behind the scenes, the project’s developers are working to attract a major employer to help make their dream for the West Valley a reality. And the deal on the table to attract an employer, homebuilder or both has the developers offering up to 1,000 free acres and $20 million for infrastructure costs to the first major tenant.

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