The Balch Springs Economic Development Corporation (EDC) Type B Board convened on May 28, 2025, to discuss significant developments aimed at enhancing the local economy through infrastructure improvements and new commercial projects. A key focus of the meeting was the proposed Collector Road, which will connect Beltline Road to Interstate 20, facilitating better access to a new mixed-use development that includes apartments, restaurants, and family entertainment venues.
The board reviewed a terminal agreement that extends until December 31, 2033, outlining the terms for the development. The proposed Collector Road is estimated to cost $3.4 million, with funding contributions split between the developer and the EDC. The EDC has committed to providing $1.4 million, while the developer will contribute up to $2 million. This road is expected to significantly improve traffic flow and accessibility to the new commercial spaces.
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Subscribe for Free In addition to the road improvements, the board discussed financial incentives for the development. A reimbursement incentive of $500,000 was approved for infrastructure costs, which will be paid out in phases as the project progresses. The board also proposed adjustments to the funding for restaurants and family entertainment, reducing the initial incentives from $500,000 to $400,000 each, to reallocate funds for the Collector Road.
The anticipated economic impact of the development is substantial, with projections estimating $2 million in sales tax revenue and $1.2 million in property tax revenue over five years once the project is fully operational. These figures highlight the potential for the development to not only enhance local amenities but also contribute significantly to the city’s budget.
The meeting concluded with a call for approval of the proposed agreements, which will be forwarded to the city council for final consideration. If approved, construction is expected to begin in late summer or early fall of this year, marking a pivotal step in Balch Springs' efforts to stimulate economic growth and improve community infrastructure.