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Haslet EDC: CTDI to occupy 400,000‑sq‑ft site; city warned of tax loss as some projects stay outside city limits

November 20, 2025 | Haslet, Denton County, Texas


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Haslet EDC: CTDI to occupy 400,000‑sq‑ft site; city warned of tax loss as some projects stay outside city limits
Haslet — At its Nov. 19 meeting, the Haslet Community and Economic Development Corporation heard a development update from Mr. Swanky outlining several commercial projects and potential impacts on the city’s tax base. Mr. Swanky said CTDI will move into the 405 West Park Parkway building, a 400,000‑square‑foot facility, and will refurbish mobile phones there.

"They refurbish cell phones," Mr. Swanky said. "And, they'll receive about 20,000 cell phones a day." He added that earlier employment estimates of roughly 700 had been revised down to "between 4 and 500" because much of the work will be automated. Mr. Swanky told the board the Appraisal District lists the building’s value at over $32,000,000.

Why it matters: a large tenant and a $32 million‑plus property can materially increase Haslet’s ad valorem base and support local services. Board members asked about sales and retail‑tax implications; Mr. Swanky said retail sales‑tax treatment depends on where transactions take place and that staff is still studying potential retail‑tax gains.

The report covered additional projects: two buildings behind the new women’s clinic on State Highway 156 nearing completion; a building on Schoolhouse Road (1096) with one tenant signed; ground‑breaking at a Cross City North Church site on Sweetgrass Boulevard/Haslet Parkway; and work on a Kwik Trip site that included forming a turn lane from Hazlet Parkway. Mr. Swanky also described heavy dirt work at the Freeman Toyota site and said signals at the Keller/Haslet Road and 156 intersection are being energized and should begin operation in the coming weeks.

Annexation and zoning concerns emerged as a key point. Mr. Swanky said Freeman Toyota has requested to be taken out of the city limits and that the city could not legally guarantee zoning ("contract zoning"), so development could proceed outside Haslet’s limits. "They're going to do it anyway," he said, and that outcome would mean the project might be built without providing tax revenue to the city.

No formal votes were taken on the development items. The board approved routine minutes earlier in the meeting and agreed to forward discussion of some resolutions to City Council for December consideration. Staff said it will update the council staff reports to reflect the EDC’s discussion.

What’s next: staff will monitor tenant leases and tax‑revenue projections and return with further details; the council is slated to discuss related resolutions in December.

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Scribe from Workplace AI
Scribe from Workplace AI