CIDC moves to consider use of sales-tax proceeds for ‘Project Pearl’ after closed session; public hearing draws no speakers

The Conroe Industrial Development Corporation on Sept. 24 went into executive session to deliberate financial incentives for the Conroe Convention Center and a hotel project, then reopened its meeting and moved to consider the use of sales-tax proceeds to fund a development incentive agreement regarding Project Pearl.

The board cited Texas Government Code §551.087 when it went into executive session to consider offers of financial incentives and contract provisions related to the Conroe Convention Center and hotel project and referenced governing documents of the Conroe Local Government Corporation. The executive session began at 3:15 p.m. and the public meeting resumed at 4:34 p.m., according to the meeting record.

Following executive session, the board conducted a public hearing in accordance with Texas Local Government Code §505.159 to consider the proposed use of sales-tax proceeds for Project Pearl. The chair asked whether anyone wished to speak; no members of the public spoke during the hearing.

The board then considered item 8 — the use of sales-tax proceeds to undertake and fund a development incentive agreement regarding Project Pearl — and approved the motion to consider the item. The motion passed by voice vote with all directors present voting in favor.

The meeting record shows the board also voted to cancel the Sept. 25, 2025, regularly scheduled CIDC meeting and then adjourned. The board noted a clerical correction to the minutes, clarifying that the minutes referenced 07/24/2025 and that the Sept. 24 gathering was a regularly scheduled meeting.

The transcript records the executive-session citations, the public-hearing statutory citation and that no public comments were offered; the board’s action to move forward with consideration of sales-tax funding for Project Pearl does not itself finalize a development agreement.