Posted Mar 2, 2015, 7:43 PM
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Registered User
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Join Date: Jun 2005
Location: Robbinsdale, MN
Posts: 1,787
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Massive Folsom development effort nears reality
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Rolling pastures south of Highway 50 in Folsom are still wide open. But not for long. A massive development soon will transform the area.
Spanning nearly 3,600 acres, the $880 million project could include as many as 11,000 homes when completed. Residential construction is expected to take about 15 years while commercial development could take 25 years.
Next month, the Folsom City Council will consider forming a Mello-Roos community facilities district to fund the first infrastructure improvements to supply water to this area. If approved, bonds could be sold in June and construction could begin this summer.
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http://www.bizjournals.com/sacrament...s-reality.html
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