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Developers Pitch ‘Sanford Horizons’ plan as multi‑phase, value‑capture infrastructure program
Summary
Landmark Development and Sanford University representatives presented a multi‑phase Creekside plan that would leverage private investment to fund civic infrastructure through a proposed value‑capture mechanism; councilors and residents raised concerns about scale, traffic, athletic facilities and the scope of incentives.
Landmark Development and Sanford University representatives outlined a multi‑phase Creekside master plan on May 5, proposing private financing of major civic infrastructure and a value‑capture mechanism to repay those investments.
The presentation, led by Bob Dunn of Landmark Development with Sanford staff including Dr. Colin Coyne, framed the Sanford Horizons project as an infill development tied to a civic anchor that could generate “nearly a billion dollars of investment,” a fiscal return the presenters said would produce large tax‑base gains for the city and the school system over a multi‑decade horizon.
The developers proposed privately financing what they described as roughly $104,000,000 in civic infrastructure (roads, stormwater, pedestrian…
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