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Round Rock approves economic package to support Ruby Hotel event center
Summary
The Round Rock City Council approved a Chapter 380 economic development program and related agreement to support construction of a new event center adjacent to the Ruby Hotel, including a city loan, a land purchase for a bridge landing and tax-based incentives through 2029.
The Round Rock City Council on Tuesday approved a Chapter 380 economic development program and accompanying agreement to support construction of a new event center adjacent to the Ruby (Lake Creek) Hotel, RRTX Lake Creek Hotel LP.
Staff said the deal includes a city loan, a land purchase for a bridge landing over Brushy Creek and multi-year tax incentives intended to help finance the project.
City staff described the agreement as a package that will allow the hotel to build a new event center at 408 Fannin and create a bridge landing on a parcel the city will acquire. Under the terms presented, the hotel…
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