Pasco's Connerton development shuts down operations

Connerton, one of the largest residential developments around Tampa Bay, has gone out of business. On Friday, developer Terrabrook closed its offices and welcome center on U.S. 41 in Land O'Lakes and let go six full-time and four part-time employees. Developers envisioned Connerton as a mid to upscale "new town" similar to Disney's Celebration near Orlando. Unfortunately for Terrabrook, construction on the 3,500-acre project began just as the Tampa Bay housing market crested in 2005. Terrabrook aimed to sell 700 to 800 homes a year, but sales barely topped 225 after four.

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