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1,000 lots cut from El Dorado developments.(construction of a retirement community in El Dorado, California)
Stephan Manolakas and Angelo Tsakopoulos will be converting their planned Carson Creek development in El Dorado Hills into an age-restricted community as the result of the settlement of a slow-growth lawsuit.
The partners have also agreed to reduce the number of homes in both Carson Creek and their nearby Promontory project, also involved in a lawsuit. Overall, the partners agreed to cut the two projects by 1,019 lots.
"In an ideal world, I would have wanted the project to be intact," Manolakas said. "But I'm satisfied with the outcome. I think they are too."
Sam Bradley, the slow-growth county supervisor for that part of the county, is also …
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