— A Kentucky company has won approval to construct 1,200 residential units in North Dakot, a state that is struggling to build homes amid a prolonged drought and a spike in wildfires.
The construction of the 1,198-unit development is part of the $2 billion project that includes a gas and electricity plant and a retail store, the Lincoln Development Company said in a statement Friday.
The $2.5 billion project is the second largest U.S. residential development of its kind in the state, the company said.
The project also includes a high school, a university and an airport.
The project, dubbed the Jefferson-Jackson Development, is located about 20 miles (32 kilometers) northeast of Louisville.
The company’s project is expected to cost about $1.5 million per unit, the statement said.
The developer plans to begin construction in 2017 and open the project by the end of 2019.