What the study says about Willow Bend: small redevelopment risk, modest value changes expected
Consultants told the committee that Willow Bend is already a high-value area (inner-mile median ~ $917,000), only about 1.8% of Plano parcels meet a redevelopment trigger, and the neighborhood is unlikely to face mass teardown or dramatic property declines from a venue.
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At the committee meeting, the consultant highlighted two Plano-specific findings: the inner-mile area around Willow Bend has a median assessed value of about $917,000, and only about 1.8% of city parcels meet the benchmark (land ≈50% of improvement value) that commonly triggers redevelopment.
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