Financing Multiple-Owner Master Plans

In master-planned developments with multiple owners, the financing plan for infrastructure and community facilities–roads, water and sewer systems, parks, schools, and fire stations–provides the economic framework that is needed to determine a financially feasible scale and mix of development, level of community amenities, and timing of improvements. This article describes the process, issues, and methodology applied to develop a financing plan for the award-winning Evergreen Specific Plan in San Jose, California. By J.R. Musbach, reprinted from UrbanLand, July 1993.