Benbrook Economic Development Corporation partners with Mad Concepts for restaurant redevelopment

The Benbrook Economic Development Corporation (EDC) convened on February 25, 2025, at 7:01 PM for its regular meeting, marking a significant milestone in the city's economic development efforts. The meeting began with an announcement celebrating a new partnership with Mad Concepts Group and the Blue Plate Network, which will bring Jake's Burgers and Beers and Tacos and Avocado restaurants to Benbrook. This development fulfills the EDC's long-term vision of attracting locally owned, family-oriented dining options to the area.

The chairperson acknowledged the extensive efforts over the past decade to prepare the corner of Benbrook Boulevard and West Park Corner for redevelopment. This involved the acquisition of four properties and significant planning to make the site "shovel ready." The chairperson expressed gratitude to the EDC Board of Directors, staff, and the Benbrook City Council for their unwavering support and dedication throughout the project.

Following the announcement, the board moved to approve the minutes from the previous meeting held on January 21, 2025. The motion was passed unanimously.

Next, the director, Jessica James, presented the monthly financial report for January 2025. The report indicated a sales tax revenue of $177,566.37, with total liquid assets amounting to $7,016,030.40. After detailing the revenue and expenditures, the total fund balance was reported at $3,932,074.53.

The meeting proceeded to an executive session to discuss real property and economic development negotiations, which was closed to the public. Upon reconvening at 8:06 PM, the chairperson announced that no further action was necessary following the executive session, and the meeting was adjourned at 8:07 PM.

Overall, the meeting underscored the EDC's commitment to enhancing Benbrook's economic landscape and highlighted the collaborative efforts that have led to significant developments in the community.