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

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

Karl Corp. hopes to gain support for the project by promising tobuild 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 theSouth Lake County residents who now have to rely solely on StateRoad 50 for east-west travel and access to the Orange County roadnetwork, inclusive of State Road 429, State 408 and the southboundFlorida Turnpike," according to the developer's proposal.