"Everybody thought we were crazy," Ingram said."They didn't think that property would ever amount to anything."catalyst for the development of what is now the city of MaricopaSince then, he's acquired thousands of acres across the Valley, including most recently 4,150 acres in Florence, whereMore than 600 investors are part of the syndicate that purchased the 4,150 acres for $82 million, Ingram said.
"We raised $95 million in about three weeks," he said."We needed reserves to do engineering, planning and to start working on the wastewater treatment facility." That parcel is right next to PulteGroup inc.'s Anthem master-planned community. The two companies have agreed to share costs on infrastructure development, including the wastewater treatment plant.