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

Posted by   /  March 15, 2019  /  No Comments

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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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  • Published: 4 days ago on March 15, 2019
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  • Last Modified: March 15, 2019 @ 10:56 am
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