This transaction is shrouded in mystery, because since the buyer was technically a political subdivision of the State of Arizona (Pinal County), the deeds could be recorded with an exemption to reporting the deal particulars on an Affidavit of Property Value.

Reference various media reports of the financing vehicle whereby Pinal County floats bonds for the cash land purchase(s) and Lucid leases the land to cover bond payments, with an option for Lucid to buy the land outright at a certain date.

GUESSING, though, yields approximately 1,200 acres transacted for approximately $100,000 per acre, for a total deal value of around $120,000,000.

All that can readily be discerned is that on August 10, 2022 Lucid closed on additional parcels of land to bring their total area to about 1,840 acres, in dozens of individual deeds, primarily from sellers Lawrence, Barnes and Keeling.