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Council approves up to $3.5M 380 incentive for dual‑brand Marriott in Bayside
Summary
Rowlett approved a Chapter 380 economic development agreement for Prevail Rowlett LLC to build a dual‑brand Marriott (about $40M investment, ~200 keys). The incentive package caps at $3.5M: up to $500,000 in fee waivers, up to $1M property‑tax abatement, and up to $2M in HOT rebates over 10 years; council approved an amendment to correct a typographical error and carried the resolution.
The Rowlett City Council on Nov. 19 voted to approve a Chapter 380 incentive agreement with Prevail Rowlett LLC to support a proposed dual‑brand Marriott in the Bayside area.
Staff described the project as a dual‑brand hotel (Courtyard and Residence Inn) of roughly 200 keys and about 140,000 square feet, representing a $40 million private investment. The proposed incentive package does not exceed $3.5 million and is composed of three main elements: fee waivers (not to exceed $500,000), a property‑tax abatement (requested at 100% for eight years…
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