The development of the Rancho Sante Fe Interchange is critical to the vitality of Mohave County and Kingman. This interchange and the accompanying infrastructure will connect Kingman’s municipal Airport and the Industrial Park to Interstate 40 which will be the future I-11 commerce corridor. Once constructed, this interchange will allow for the development of thousands of acres for mostly commercial and distribution uses.
The Santa Fe Ranch Interchange is being funded in part through the creation of a Community Facilities District (CFD). A CFD is established at the request of at least 25% of the owners of the properties within a proposed district to finance and provide public infrastructure such as water, sewer and street improvements to the properties within the district.
Leading this CFD is Bill Lenhart of Sun Belt Development Partners out of Las Vegas. Bill has been working with the city of Kingman for years to negotiate a development agreement between Sunbelt and the city as part of a public/private partnership. While this agreement will define the scope of the Ranch Santa Fe infrastructure project, a key component that has been in question is the landowners financial contribution towards the estimated $46 million dollar project.
$20 million of the project was secured by Representative Regina Cobb from the State of Arizona that was earmarked for this project. This funding was contingent upon the city identifying where the remainder $26 million was going to come from. The city and Bill Lenhart are currently working on negotiating what the city is going to pay for versus what the landowners are going to pay for. Bill Lenhart has purchased enough land in the improvement district to allow him to get the majority of the votes needed in order to pass the resolution with the landowners. The financial strategy being negotiated has not been published nor revealed publicly.
Bill Lenhart has previously stated that the lack of infrastructure has been the greatest barrier to development in this area. The project is “shovel ready” meaning that the final design has been approved by ADOT and their engineers. ADOT could put the project to bid in July of 2020 with construction slated to begin shortly thereafter if all goes according to plan.