In its preliminary outline to the city, Kieran J. Kilday of Kilday & Associates in West Palm Beach, representing developer Karl Corp., estimates the development cost of the first phase in the multi-phased enterprise will be $30.67 million.

Area land planners and construction sources who have also looked at the developer's outline tell GlobeSt.com the estimated hard cost of the entire project will be at least $150 million and could reach $200 million at completion. The developer would like to break ground in 2007, the outline notes. The development site is in an unincorporated area east of Lake Louisa State Park, about 25 miles west of Downtown Orlando.

Karl Corp. hopes to gain support for the project by promising to build a 4.11-mile road, to be called Karl Kahlent Parkway, connecting US 27 in Lake County to State Road 429 in Orange County. "The proposed Karl Kahlent Parkway could substantially benefit the South Lake County residents who now have to rely solely on State Road 50 for east-west travel and access to the Orange County road network, inclusive of State Road 429, State 408 and the southbound Florida Turnpike," according to the developer's proposal.

The developer also promises to donate 50 acres for the development of new schools to east the current over-crowding status. The developer cites Lost Lake Elementary School being 206% over capacity; Windy Hill Middle School, 151% over capacity; and East Ridge High School, 107% over capacity.