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Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The Nevada County economy has effectively transformed from mining & forestry to vibrant high-tech and tourist based industries. This area continues to attract residents and businesses from the nearby Sacramento and San Francisco Bay areas. The subject properties lie contiguous to the 452 acre Loma Rica Ranch Special Development Area, which is planned for 100 acres of new housing, 57 acres of recreation uses, hotel/conference center, retail center and business park. Once annexed, Loma Rica development should dramatically increase property values in the area.