In anticipation of construction still estimated to be three to five years away, developers and city officials plan an infrastructure study for RidgeGate’s east side.
The City of Lone Tree and the Rampart Range Metro District plan will split the estimated $80,000 cost of the east side impact study. It’s the first step toward the eventual development of the four-square-mile area east of Interstate 25 and south of Lincoln Avenue.
The east side is twice as large as the west side, which rapidly is nearing buildout.
“We think we might be out of land in three to five years,” said RidgeGate development manager Darryl Jones. “That’s why we’re starting to look at very preliminary concepts of what the implications of some new infrastructure would be over there.”
The study should be complete by summer 2014. It will project expenditures, revenues, and net fiscal impact by property type, Lone Tree’s business development coordinator Torie Brazitis told the city council during its Aug. 20 meeting.
Though RidgeGate has a master plan for the east side, Jones said initial development isn’t imminent.
Plans for the east side include a dense urban center just south of Lincoln and two light rail stations — one in the urban center and the other at RidgeGate Parkway and I-25. If RidgeGate develops as planned, about 40,000 people will live there someday.
The east side has seen a flurry of high-profile activity recently, with the opening of Cabela’s, construction of the Charles Schwab corporate campus, expansion of Sky Ridge Medical Center, and several housing developments. Development on the west side is about five years ahead of RidgeGate’s original estimates.
Despite those current projects, development in RidgeGate is not on a fast track.
“Many master-planned communities undo their vision by building too quickly, and changing their ‘mix’ to whatever product they can sell right away,” according to the RidgeGate website. “RidgeGate owns its land free and clear, so there is no rush to build out. You’ll see RidgeGate evolve and grow carefully over the next 20-plus years, with a long-term commitment to walkability, livability, access, amenities and scale.”