How built the thousands of miles of unfinshed neighborhoods by Horizon City, TX? Why? Why are they abandoned?

Question

When flying over the area east of El Paso around Horizon City, TX while in route to Tucson and even on Googlearth, one can see thousands of miles of roads, cal-de-sacs, neighborhoods, streets, parkways and grided streets buldozed into at least 100,000 arces of former ranch and dry scrub land for what appears to be housing and real-estate development. It looks like it someone was planning a mega development of hundreds of thousands of houses, neighborhoods, subdivisions and I'm sure retail, malls and office parks too. But it appears it was all abandoned, deserted and forgotten after the land was surveyed, mapped, graded, with the highways and by-ways were sliced across the landscape. My question is more then one actually. Who built this mega gigantic development? When? Why? And why was it abandoned? Did it happen during the west Texas real-estate boom? Thank you for your assitance.

Answer 1

It was most likely abandoned because there wasn't any profit projected from it anymore possibly due to a drop in the housing market. I don't live in Texas so i wouldn't know myself but lots of development sites stopped where i live because of the drop in the real estate business.