E108- Interview with Charley Freericks on Teravalis: Part 2

In Episode 108 of the Land to Lots™ Podcast, Carter Froelich continues his conversation with Charley Freericks, President of the Arizona Region of Howard Hughes Communities, about Teravalis, the 37,000-plus acre master plan community in Buckeye, Arizona.  Charley discusses how Howard Hughes' entry into Buckeye avoided organized opposition, crediting his reputation from Verrado, his relationships with city leadership, and a close working cadence with city staff as Teravalis moves through its zoning and development agreement process.  Carter and Charley then discuss Arizona's water supply and policy, including Teravalis's secured groundwater and the state's long-term water solutions, infrastructure financing through Community Facilities Districts and how that compares to Texas-style municipal utility districts, pending Arizona legislation aimed at modernizing those financing tools, school funding challenges in the West Valley, and the builder segmentation and amenity strategy that set Teravalis apart, including the removal of a legacy lake in favor of a planned 22,000-square-foot amenity complex.  In this episode, you'll learn:  Why Howard Hughes Communities has faced no organized opposition moving into Buckeye, and how Charley's reputation from Verrado and his relationships with city leadership and staff have shaped a close working cadence with the city.  How Teravalis's water supply is secured, including the 100-year guaranteed supply for Floreo, the South Hassayampa Valley groundwater basin, and Charley's take on Arizona's groundwater moratorium and long-term water policy.  How Howard Hughes Communities is financing infrastructure at Teravalis through Community Facilities Districts (CFDs), and the reimbursement lag CFDs create compared to Texas-style municipal utility districts, plus pending Arizona legislation aimed at closing that gap.  Why school funding and education bonds, including the recent failed Saddle Mountain Unified School District bond elections, are a growing concern for master plan communities in the West Valley.  How Teravalis is differentiating itself through builder segmentation across a broad price spectrum, from the low $300,000s to the $700,000-$800,000 range, with seven builders on board and an eighth in the works.  Why Howard Hughes removed a grandfathered lake amenity over water conservation concerns and replaced it with a planned 22,000-square-foot amenity complex.  Charley's closing perspective on Arizona's water future, Teravalis's early-stage momentum, and his outlook for the community's long-term growth.    Show Notes Charley Freericks Contact Information - W - https://www.teravalis.com/ O - [602-834-9100] E - [[email protected]]   Plus: Whenever you're ready here are 4 ways Launch can help you with your project:  Prepare a Texas MUD Forward Funding Launch Bond Analysis® for your Project – If you have a project in Texas with a MUD, MMD or similar district contact Carter Froelich (ADD MY EMAIL LINK) and have Launch prepare an initial complimentary Launch Bond analysis for your project.  Prepare a Special Tax District Bond Analysis for your Project – If you have a project in AZ, CA, CO, ID, NC, NM, SC, TX, UT, WA contact Carter Froelich (ADD MY EMAIL LINK) and have Launch prepare an initial complimentary high-level bond analysis for your project.  Perform The RED Analysis™ on your Project – We have developed a unique process at Launch called The RED Analysis™ in which we perform a diagnostic review of your project to determine possible ways to Reduce, Eliminate and Defer infrastructure construction costs in order to enhance project returns. Contact Carter Froelich for more information.  Track Your Reimbursable Costs Utilizing The Launch Reimbursement System™ ("LRS") – Never lose track of your district eligible reimbursable costs and have Launch manage your district's costs reimbursement tracking, preparation of electronic reimbursement submittal packages and processing of your reimbursement requests with the district, jurisdiction and/or agency. Contact Carter Froelich for more information.  Complimentary Offers for Land to Lots™ Listeners Complimentary Land to Lots book: https://www.launch-mpc.com/offer Complimentary Bond Sizing Analysis: https://form.jotform.com/231376408765160