The Hoffman, Howard & Miller Familes Project Team				The Hoffman, Howard & Miller Families The Business of Land Development Hoffman, Howard and Miller families, the development team, are in the business of land development that has become more and more challenging each year. There is a continuing need, but a growing scarcity of developable land. We combine Expertise, Skills, and Capabilities Our expertise is to find and acquire opportunity priced undeveloped properties, located in established or growing markets, determine a need, obtain all of the development and entitlement approvals and market the fully approved development sites to specific users, builders, or co-developers. Land Supply is Shrinking Because of: Environmental restrictions NIMBY'S (Not In My Back Yard) Congestion concerns Federal, state and local controls Protection of water, trees, slopes, fauna, birds, wildlife, fish, etc. Open space requirements No growth advocates We Create Value Converting undeveloped land into approved development-ready sites create value. Members of the development group have a strong background in land development, demographics, market research, feasibility reviews, and strategies for governmental approvals. The ability to secure approvals, commitment of public infrastructure, pubic financing, and entitlements is marked by uncertainty, lengthy delays and a complex approval process. Members of the Development Group have been securing development approvals for over 45 years Our experience ranges over the entire spectrum of land development from acquisition and planning to obtain governmental approvals to marketing to construction. Members of the families have participated in the development of land for over 45 years. Robert L. Hoffman is credited with being the "pivotal player in getting the Mall of America built"; he was a "major player in bringing the biggest business of all - The Mall of America", to Bloomington, Minnesota. The Passages of TucsonSM Accomplishments to date: Identified land parcels with opportunities Focused on specific needs in the area Negotiated conditional purchase agreements for the property with the landowners Completed market feasibility, potential user analysis, zoning and regulatory approvals Prepared the Master Development Plan Secured professionals for site development, infrastructure, and construction Obtained pre-development financing Developing a marketing program