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Denton Council hears detailed plan for 2,500‑acre Craver Ranch development and proposed MMD
Summary
Developers and city staff outlined a 2,500‑acre master‑planned community called Craver Ranch that would create a municipal management district to finance roughly $400 million in infrastructure, deliver parks and school sites, and build as many as 9,200 homes over nearly two decades; council members pressed for more fiscal detail and downstream drainage analysis.
City staff and the developer presented a large master‑planned community proposal for northern Denton at the council’s Oct. 21 meeting, describing plans for infrastructure, public amenities and a Municipal Management District (MMD) to finance construction.
Charlie Rosenthal, interim director of Development Services, told council the property was annexed in 2008–09 and that the Craver Ranch project being proposed would cover approximately 2,500 of the annexed acres. Rosenthal described the MMD as “a separate political subdivision … that can collect property taxes or assessments” and said the district would be structured so the developer or the district fronts infrastructure costs and issues bonds that…
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