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Council OKs $20,000 Thrive grant for Grace Development to repair concrete, address stormwater
Summary
The Town Council approved a $20,000 Thrive Business Grant recommended by the Trophy Club Economic Development Corporation to fund concrete repairs and stormwater improvements at a shopping center owned by Grace Development. The vote was 5-2 amid debate about the EDC grant program's purpose and return on investment.
The Trophy Club Town Council voted Oct. 27 to approve a Thrive Business Grant application from Grace Development to fund repairs to concrete pavement and address stormwater issues behind a shopping center. The Town Manager and Economic Development staff said the project is roughly a $60,000–$70,000 effort and the EDC-recommended grant would be the program maximum of $20,000 under the 75/25 match structure.
Economic Development…
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