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Tres Lagos TIRZ reports stronger than expected assessed value and ongoing buildout
Summary
County staff reported the Tres Lagos TIRZ has exceeded earlier projections, with $487 million in assessed value to date (about $68 million over targets), a developer investment of roughly $132.7 million, and plans for thousands of homes and commercial space as buildout continues.
County staff presented the annual update for the Tres Lagos tax‑increment reinvestment zone (TIRZ), reporting higher‑than‑projected assessed values and ongoing residential and commercial buildout.
The presentation summarized the master plan and current status: more than 7,000 future home sites, an estimated…
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