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Developer outlines 40-acre 'Uptown' plan, seeks $36.2M in qualified infrastructure incentives
Summary
Developer Tyler Burke presented a 40-acre mixed-use Uptown development model with $223M total cost and about $36.2M of horizontal/site costs. He proposed using Chapter 100, CID, TDD and a 15-year sales-tax reimbursement to bridge a funding gap; council asked for more analysis and public scrutiny.
A developer’s representative, Tyler Burke, gave a detailed financial and phasing presentation for a proposed 40-acre Uptown mixed-use project in Belton. Burke said the project would include multifamily residential, pad sites, and a large entertainment anchor (go-kart/theater concept). He presented an economic model that estimated total project costs near $223 million and about $36.2 million of 'qualified' horizontal/site infrastructure costs that…
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