City staff and representatives for Old Prosper Partners on Wednesday introduced a large master‑planned community proposal called Craver Ranch that would develop roughly 2,500 acres in northern Denton and deliver thousands of housing units, parks and infrastructure over multiple decades.

Charlie Roosevelt, interim director of Development Services, said the project is proposed as a multi‑phase development with a municipal management district (MMD) to finance infrastructure. The developer would construct public facilities and be reimbursed through district assessments; the Texas Legislature already created the district at the developer’s request, city staff said.

Roosevelt said the project team expects roughly 9,200 residential units across product types and about 1.2 million square feet of commercial space over a 17‑year construction timeline, with an estimated $462 million in public infrastructure. The developers estimate total assessed value at buildout of about $5.0 billion and presented a fiscal estimate of roughly $38 million in net revenue to the city over 40 years, figures the city said were from the developer’s studies and remain subject to additional review.

Developer materials presented by Alexa Knight, counsel for Old Prosper Partners, described a large Central Park (presented as approximately 358 acres in staff slides) and more than 300 acres of additional parks and open space. The team said the project will provide 13½ miles of trails and additional shared‑use paths, and that parkland and most trails would be maintained by the developer or the district; the developer proposes to dedicate well over the city’s standard parkland requirement (the project’s packet shows the city requirement as 67 acres, while the developer proposes roughly 380 acres of parkland overall).

Water and wastewater plans include a connection to the city’s Lake Ray Roberts transmission line for initial phases and a developer‑funded elevated storage tank; wastewater would be routed to a Clear Creek interceptor that the city is designing, staff said. Roosevelt said the developer would construct and dedicate roadways inside the project; the city would ultimately maintain roadways in public right‑of‑way while the district would maintain streetscape landscaping.

The development team told the commission that some parcels fall into two school districts: Sanger ISD for the western portion and Denton ISD to the east. The developer also proposes to convey land for two fire stations (approximately 6 acres) and additional public‑facility sites; proposed developer contributions in the project agreement include $7.5 million toward city needs (summarized in the presentation as $2.5 million for emergency services, $2.0 million for a public works facility and $3.0 million for the city’s affordable‑housing program).

Commissioners pressed the team on several community concerns raised during the work session and public outreach: the planned ratio of multifamily to for‑sale housing, whether the proposed regional Outer Loop could cross the site and affect future phases, how water for irrigation of parks would be supplied, and fiscal impacts for long‑term maintenance. Several commissioners urged the developer and staff to consider increasing townhome product versus multifamily apartments; the developer said the proposed 1,500‑unit multifamily cap represents a maximum and that multifamily likely would be delivered later in the build‑out and in a limited number of projects (the team said the model shows multifamily not beginning in earnest for about 10 years).

On water for landscaping, developer and staff said the development would initially use developer‑installed irrigation wells and that the City’s long‑term strategy includes possible reclaimed‑water (purple‑pipe) service to irrigation areas when treatment capacity and transmission extensions are completed.

Roosevelt said the City Council will consider project and operating agreements in a Dec. 2 meeting; zoning, comprehensive‑plan and mobility‑plan amendments will come before the Planning & Zoning Commission on Nov. 19 and the Council thereafter.

No final approvals were requested at Wednesday’s briefing; the session generated detailed questions that staff said will be folded into the formal review and environmental/fiscal studies to be completed before final actions.