In a recent government meeting, officials unveiled a comprehensive 30-year development project aimed at transforming a 652-acre site along Lake Shore Drive into a vibrant community hub. The project, which has received unanimous approval from the planning and zoning commission, is designed to enhance infrastructure, open space, and housing options while fostering economic growth.

The initial phase of the project is expected to commence in three years, following extensive engineering and planning efforts. City staff have been collaborating with various stakeholders, including community members, to refine the project’s vision and address concerns raised during public hearings. As a result, 18 new conditions of approval have been added to ensure the development aligns with community needs and expectations.

The master plan emphasizes a mix of residential options, including a cap of 3,491 units, with a commitment to providing at least 275 attainable housing units and 200 workforce housing units. These units are aimed at making homeownership accessible to a broader range of residents, particularly those earning between 50% and 120% of the area’s median income.

In addition to residential development, the project is poised to create significant economic opportunities, with projections estimating the generation of 36,100 jobs and an economic output of $416 million. The development is strategically located at a major intersection, facilitating the establishment of commercial spaces that will support local businesses and services.

City officials highlighted the importance of sustainable growth, noting that the project adheres to the community's general plan and incorporates environmental considerations, such as wildlife corridors and open spaces. The planners involved in the project are recognized for their commitment to creating a cohesive community that integrates residential, commercial, and recreational spaces.

As the project moves forward, city leaders remain focused on ensuring that it meets the evolving needs of Prescott Valley, fostering a sustainable and economically viable community for future generations.