Colleyville City Council approves development grant for Shoal Creek Capital Partners

Colleyville City Council has taken a significant step towards economic growth by approving an economic development incentive agreement with Shoal Creek Capital Partners, LLC. During the meeting on April 15, 2025, the council voted to grant a waiver of 75 percent of the impact fees for a new commercial retail space at 6521 Colleyville Boulevard. This decision aims to stimulate local business development and enhance the community's economic landscape.

The resolution, which was discussed in an executive session, emphasizes the council's commitment to the health, safety, and welfare of the public. By reducing the financial burden on developers, the council hopes to attract new businesses that will contribute to the local economy and create job opportunities for residents.

City Manager Jared Duque, who presented the details of the agreement, highlighted the importance of this development for the city. The council's approval allows the city manager to sign all necessary documents to finalize the agreement, ensuring that the project can move forward without delay.

In addition to the main resolution, the meeting included an open forum for public comments, allowing residents to voice their opinions and concerns. The council remains dedicated to transparency and community engagement, encouraging citizens to participate in discussions that affect their city.

This economic incentive marks a proactive approach by the Colleyville City Council to foster growth and development in the area. As the project progresses, it is expected to bring positive changes to the local economy and enhance the overall quality of life for Colleyville residents.