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Define Master Plan in Real Estate

Master Plan: 

A Master Plan is a long-term vision for the development of a particular area, such as a town or city. It's a plan that outlines how the area will grow and change over time, taking into account things like population growth, economic development, and transportation needs.

Example: 

For example, a city might create a Master Plan that outlines how they plan to develop over the next 20 years. The plan might include proposals for new housing developments, commercial buildings, and transportation infrastructure like roads and public transportation.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

A Master Plan is quite a sight,
It helps a city grow and take flight!
It's a vision for the years to come,
Guiding growth for everyone.

It looks at things like population,
And considers economic operation.
Transportation needs are in the mix,
To make sure the city runs like a fix.

For example, let's say a city needs more space,
For housing, commerce, or a better place.
The Master Plan will outline how,
The city will change to fit the now.

It might include new roads or stores,
Or housing developments with great outdoors.
Whatever the plan, it's sure to be,
A vision for the future, can't you see?