Some highlights from the article: http://www.bizjourna...l.html?page=all
Folsom’s big jump in growth across Highway 50 is nearing the takeoff point, with the City Council expected to adopt a development agreement next month with a passel of developers planning to build.
Beginning with more than 2,000 homes currently going through city processing, the city is expected to grow by 10,300 homes south of the freeway, though Miller said because the total plan area includes more retail than it will probably need, he expected the final residential development number to be closer to 11,000.
The entire area will also have a Mello-Roos structure for paying for such improvements.
“What they’ll have is actually better than what we have on the north side of the city,” Miller said. “North of 50, we couldn't charge enough to completely build out the park system.”
So far, The New Home Co., with 845 homes; Westland Properties, with 800 homes; andGenCorp, with about another 800, are likely to be the first to build structures, though that won’t happen until late 2016 or early the following year, Miller said.
“The city’s already been very responsible about growth, and this is a logical direction to go,” he said. “I think it’s actually a historic action by the city council because it’s the culmination of all this infrastructure planning.”
Not sure about GenCorp, but I know The New Home Co makes all those squished together homes with really small lots.
I love driving through those rolling hills on my way home from EDH, and I will be very sad to see the views of wide open pasture lands change to development. I sure hope they make it nice.
Here's more details: http://ftp.folsom.ca...-DEIS_DRAFT.pdf