At last night's Land Use Committee meeting, the Preliminary Plat for the Lower Matrix of the Crow Creek Road development was unveiled by the Municipality's consultant.  Revised wetlands data obtained this last summer pushed this portion of the development closer to Glacier Creek.  As depicted, there are 47 lots with an average size of 17,250 SF in the Preliminary Plat; however, the consultant expects to lose a number of these lots during the approval process and end up with about 40 lots in the final version of the Plat.

When asked, a representative of the Heritage Land Bank expects the market to absorb 8 to 10 lots per year at sales price of $125,000 to $150,000.  Construction is currently anticipated to occur in 2009.  My opinion is that the sales prices will be higher, the absorbtion lower, and construction to be delayed.

As the Crow Creek Neighborhood plan is written, up to 25% of all 700 or so lots will be available by individual sale to the public.  Up to 25% could be less than 25%.  This could also occur at any time in the project build out.  It's likely, from what I understand, that the Lower Matrix will be sold in whole to a developer who will put in the infrastructure and resell the lots.

Here is your copy of the Preliminary Plat for the Lower Matrix.

By the way, last night the Assembly approved the Mayor's recommendation that I be appointed to the Girdwood Board of Supervisors.  Thank you to those of you who have offered your support and congratulations.  I am looking forward to learning about the inner workings of our local government.