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Victoria council approves Chapter 380 agreement for Victoria Exchange retail development up to $1.5 million
Summary
Council authorized a Chapter 380 economic development agreement with Victoria Exchange Development LP that includes up to $1 million for road improvements and a sales-tax rebate up to $500,000 tied to phase completions.
The Victoria City Council voted May 20 to approve an economic development agreement under Chapter 380 of the Texas Local Government Code with Victoria Exchange Development LP for a retail project at 9009 North Navarro Street.
City staff said the private investment is about $25 million for roughly 90,000 square feet of retail built in two phases. Phase 1 includes Burlington, Five…
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