San Diego County CA— The proposed Safari Highlands Ranch residential development by Concordia Homes is projected to provide hundreds of millions of dollars in total economic impact and support thousands of new and existing jobs in the City of Escondido and San Diego County, according to a new report commissioned from the National Association of Home Builders.
Located in the hills of the San Pasqual Valley, Safari Highlands Ranch would generate an approximate total economic impact of $514 million during construction and an ongoing annual economic impact of $53 million after full buildout. Safari Highlands Ranch is projected to:
- Generate approximately $450 million in local income and $64 million in taxes and other revenues for local government during construction;
- Support approximately 5,739 jobs during construction;
- Generate approximately $41 million in local income and $12 million in taxes and other revenues for local government annually after completion of construction; and
- Support approximately 649 jobs annually after completion of construction.
“Safari Highlands Ranch would generate significant short-term and long-term economic revenue for the City of Escondido that can be used for vital City services such as police and fire,” said Don Underwood, Managing Partner at Concordia Homes. “The proposed community would also deliver benefits for local schools, create new recreational amenities and provide for infrastructure and traffic enhancements.”
Safari Highlands Ranch is located off Rockwood Road, north of the San Diego Zoo Safari Park. The proposed 1,098-acre community consists of approximately 700 acres of preserved open space, 550 estate homes, nine miles of new public trails, and a new village core, permanent fire station and emergency evacuation access route for the San Pasqual Valley. The project would provide nearly $7.8 million through development fees to local schools, including the San Pasqual Union School District and Escondido Union High School District. Safari Highlands Ranch would also generate nearly $4 million for infrastructure and traffic improvements, including extending reclaimed water infrastructure into the San Pasqual Valley.
Safari Highlands Ranch has also committed to provide benefits to the adjacent Eagle Crest Golf Club. These benefits include construction of a new club house and signature 14th hole, donation of funds for course improvements and the purchase of 275 annual memberships for new residents of Safari Highlands Ranch.
Safari Highlands Ranch is currently undergoing a comprehensive environmental review under the California Environmental Quality Act (CEQA) and is expected to be considered by the Escondido City Council in early 2018.
About Concordia Homes
Since 1977, Concordia Homes has built more than 10,000+ homes throughout Southern California. Concordia Homes has managed projects representing over $750 million in revenue since its San Diego division began in 1998. Our reputation, earned over these years and scope of work, reveals that our commitment to integrity is more than just words, and our performance reflects solid, conservative wisdom and a commitment to excellence.