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Sugar Land 4B Corporation approves up to $7 million to fund parks at former Fluor campus
Summary
The board approved resolution SL4BR25-06 to provide up to $7 million to support creation of park and civic space within the proposed Lake Pointe redevelopment at the former Fluor campus; the city will negotiate terms with developer Lovett and must return with a budget amendment to draw from 4B fund balance.
On May 16, 2025, the Sugar Land 4B Corporation voted unanimously to approve resolution SL4BR25-06, authorizing the city of Sugar Land to seek up to $7,000,000 in 4B funds to support parks and civic space within the proposed Lake Pointe redevelopment on the former Fluor campus.
The appropriation would support at least 5 acres of park and civic space — staff said they expect the area may be about 7 to 8 acres once negotiations are complete — and is intended to help bridge gap financing that can make the infill redevelopment economically viable. Devin, a city staff member presenting the item, said the request is “$7,000,000 to support the creation of 5 plus acres of park and civic space.”
The money described in the resolution would come from two sources: $3.6 million from the city’s reserve-for-opportunity and $3.4 million from the Sugar Land 4B fund balance, and would…
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