by SEAN BATURA
The San Marcos City Council on Tuesday all but finalized a deal that lays the ground work for a 3,450-home gated community intertwined with an 18-hole golf course.
The proposed 1,338-acre development, to be called Paso Robles, is on Hunter Road just south of McCarty Lane and west of Interstate 35. A city planner has said 8,000 people may eventually live at Paso Robles at full build-out, a projection that would increase the city’s official population by about 20 percent. It is, by far, the largest single-family development in the city’s history.
Steve Parker, the city’s finance director, estimates Paso Robles will add $2.5 milllion in city property taxes and $2.1 million in sales taxes to the city’s coffers every year after full build-out, which he said may take 10 or 11 years. Price points on the homes will range between $250,000 and $400,000, Parker said.
“Approximate build-out would add over $900 million in new valuation to the City of San Marcos’ property tax rolls,” Parker told council members on Tuesday.