I’m still on the steep lower slopes of the learning curve regarding the relationship between development and water, so I don’t have much to say about this except to say that it’s fascinating:
Development of the 6,500-acre Quail Ranch is dead, at least for the time being.
Sandia Properties has dropped plans to develop the giant master-planned community on the far West Side.
“We’re getting out of the business of large, long-term projects,” said Bob Murphy, president of Sandia Properties and an established developer in the Albuquerque metro area.
The company has had the 6,500-acre tract under contract for more than three years, during which time it has worked on lining up the financing and utilities.
Water was a key issue in the decision to drop the project, Murphy said.
The relationship between water and this project is complicated, but I’m not aware of any other major project dropped in this same way over water issues.
We don’t take annexations unless they can show they have water, nor will we take plats unless they can show where their water is coming from.