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Denton council hears details of 2,500‑acre Craver Ranch master plan and MMD financing
Summary
City staff and the developer presented the Craver Ranch master‑planned community in North Denton, including a municipal management district (MMD) structure, proposed infrastructure timing, school sites shared by Denton and Sanger ISDs, parkland conveyances and developer contributions. Council took comments and posed questions; staff will bring more
City staff and the developer presented a detailed plan for the 2,500‑acre Craver Ranch master‑planned community in north Denton and described how a Municipal Management District (MMD) would finance off‑site and on‑site infrastructure.
Charlie Roosevelt, interim director of Development Services, told council the Craver Ranch MMD was created by the legislature and that the developer proposes to levy assessments and issue bonds to reimburse infrastructure costs after construction. Roosevelt said the proposal includes about 9,200 residential units and 1.2 million square feet of commercial development, roughly $400 million in public infrastructure, and a proposed 17‑year construction timeline.
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