Investing in Land

A lot of news clippings flash across my computer screen, but one earlier this month from the East Valley (AZ) Tribune caught my eye.

The headline read: “Pinal County Plan Prepares for 6M People.” Pinal County, to the south of the Phoenix metropolitan area, now has about 350,000 people.  That kind of growth requires a plan, a big plan and land, lots of it, which Arizona has.

It is not the first report on the importance of raw land investing in Arizona, but this article notes that the plan “looks farther into the future than 10 years, which is normal for comprehensive plans, and instead designates what land uses Pinal County should have when it’s built-out.”

It also was the product of input from multiple stakeholders — those who would use the land and those who would prepare and build on it.  As reported, “(t)he plan is the culmination of public meetings, multiple committees and consultations with private firms and public institutions…”

That’s foresight!

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