News & Analysis » US
Pure Cycle To Buy 931-acre Sky Ranch Property For $7.0 Mln - Quick Facts
August 4, 2010, Wednesday, 17:53 GMT | 12:53 EST | 22:23 IST | 00:53 SGT
(RTTNews) - Pure Cycle Corp. (PCYO) said Wednesday that it has entered into an agreement which will allow it to acquire the 931-acre Sky Ranch Property for $7.0 million in cash.
The deal is expected to close within 60 days; however, the company can terminate the agreement for any reason during the 60 day period if it so choses.
Sky Ranch is located in Arapahoe County, Colorado directly adjacent to I-70, approximately 16 miles east of Downtown Denver, 4 miles north of the Lowry Range, and 4 miles south of Denver International Airport. Sky Ranch has been zoned for residential, commercial and retail uses and may include up to 4,850 single family equivalent units.
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