The 5,100 acre Wesley Chapel / New Tampa development, with proposed 13,500 homes and over 30,000 residents nears approval after five attempts! Once approved by the Tampa Bay Regional Planning council, the Pasco County commissioners will vote on the proposal on December 19, 2006. With an attractive estimated property taxes of $243 million to be paid by 2016, I would think it likely that the commissioners will approve the plan.Included in the plan are 8,500 single family homes, 5,000 multifamily homes and a whopping 3.2 million square feet of retail space including the Shops at Wiregrass. Now with an estimated opening of Spring of 2008, construction is likely to begin on the mall in Spring of 2007. Also included in the plan is 2 million square feet of office space.
The most recent stumbling block for this development was the county's requirement that the developers address affordable housing in its plan. Previously, the developers offered the county only $200,000. towards future subsidies. This was laughed at by the county. The revised plan provides for $2.9 million to be set aside for affordable housing, to be doled out by the county.
The extension of S.R. 56 is still under review, however the extension of Chancey Road has begun.
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