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Gulf American Plans Rio Rico Lot Sales Near Nogales
Gulf American Development Corp seeks to start selling lots at Rio Rico ten miles north of Nogales after Santa Cruz County Board approvals for Phase 2. The plan covers 1,679 lots on nearly 3,000 acres with flood plain lots dropped and elevations 13 feet above flood level. Roads will be paved on steep grades and corporate bonds tied to the plats were accepted. Work at the bridge is slowed by high river water while the reception center advances. Gulf American has asked the Arizona Real Estate Board to sell Phase 1 lots pending utility plans.
MENTIONED IN THIS ARTICLE
Nogales
Gulf American Development Corp
State Land Board
Santa Cruz
Gulf American
Arizona Real Estate Board