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Developers present scaled‑back Pecan District plan and ask tourist board to help fund Festival Street upgrades
Summary
Developers from Presidium described a scaled‑back first phase of the Pecan District that prioritizes a pedestrian-centered “Festival Street,” reduces office and structured parking, and requests roughly $5 million from the TIRS toward about $20 million in near‑term infrastructure needs.
At the Boards and Commissions meeting, developer Sid Galindo and the Presidium team presented a revised plan for the Pecan District, saying market shifts since the original master plan made office and structured parking infeasible and required a phased, lower‑density approach.
"We are here to talk about how we are having to adapt and overcome with the new realities of development and the economy," Sid Galindo said, framing the change as a way to preserve the project’s public‑realm goals while keeping the work financially viable. Presidium designers described a first phase centered on a Festival Street — a curbless, pedestrian‑oriented boulevard flanked by single‑story…
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