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EDC presents operating plan; council debates $4M+ in pad‑ready site work for tech park
Summary
Phil Wagner, president of the Rockwall EDC, presented the EDC operating budget and work plan; councilmembers praised the EDC’s pipeline but several raised concerns about funding $3–4 million to build pad-ready office sites rather than reserving funds for land acquisition or incentives.
Phil Wagner, president of the Rockwall Economic Development Corporation, presented the EDC’s FY2026 work plan and operating budget to the council and said the EDC expects to deliver substantial taxable value from recent and pending projects. Wagner told council the EDC’s operational budget is lower than the previous year after vendor changes and that the organization expects roughly $150 million in new taxable activity from projects tracked…
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