Council approves $23.5M infrastructure grant for University Hills 'Rivulet' development
After questions about safeguards and timing, the City Council approved a three‑phase reimbursement grant of up to $23.5 million to fund infrastructure for the Rivulet master‑planned development in University Hills. Council members pressed staff on protections to ensure lots are taken down and homes built before final payments.
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The Dallas City Council approved an economic development incentive package authorizing up to $23.5 million in Chapter 380 grant funds for the first phase of the University Hills “Rivulet” master‑planned development. The grant is structured as reimbursement in four payments tied to infrastructure milestones, with the largest final payment of about $9.6 million contingent on lots being taken down and other milestones.
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