- Site development is limited to the specific requirements of the individual phase being developed.
- Phase 1 includes the stretch of road from Martis Peak Road to Edinburgh Drive, providing immediate improved emergency traffic circulation.
- Phasing of the improvements will allow for portions of the property to remain untouched
- Each phase will increase drainage control and reduce site erosion, contributing to improved conditions downstream.
- Allows for real estate market driven development.
The Canyon Springs project proposes eight phases.
|Phase||# of Lots||Site Development||Lot Sales Thru|
Potential Houses Built.
|Year||Potential Houses Built**||Cumulative Potential Houses Built|
Build Out: Traffic And Schools**
|Traffic: Glenshire Dr|
|Trips per Day||195||936||1989|
|Peak Hour Trips||20||94||199|
*Proposed Phasing: The project will be proposed in phases; however, the exact number of phases and their size will be further refined based on Town input and market conditions. The timeline is subject to duration of Town Approvals and Real Estate Market Conditions. Phases & Timelines may be modified or combined.
**Build-Out & Services: On average, custom lot subdivisions in the Truckee area experience a relatively slow build out rate. The majority of custom lots created within subdivisions in the Truckee area 2001 to 2007 have sold or transferred to different ownerships. Of these lots, Lot Owners, Developers and Builders constructed homes at the approximate rate of 3% to 11% annually. For example purposes Canyon Springs will use a 10% estimated annual build-out rate and an average 12-month home construction period. 10% is multiplied annually by the total cumulative number of completed lots to equal the approximate number of completed homes that year. In theory, the Canyon Springs project anticipates 96 completed homes by the year 2020. However, it is important to note that complete build out generally does not occur with any 25-year planning horizon. School: Glenshire Elementary School's grades K-5 have an average generation of .16 students per household. 108 completed homes by 2020 could (1) generate 15.36 (or 16 students) that could attend Glenshire Elementary School, and (2) approximately $631,200 in school facility fees in addition to the standard State and Federal dollars for daily attendance per pupil for general operating budgets. Traffic: The general standard to estimate traffic from new residential development is 9.57 trips per day per new house or .975 peak hour trips per house.