Council approves Chapter 380 economic-development agreement for Main & 66 development
Council approved a Chapter 380 development agreement with RK DFW Rowlett LLC to support infrastructure and shell-building construction at a Main & 66 site; incentives are structured as phased payments tied to infrastructure completion and 80% occupancy, with staff estimating a 5–10 year payback in their ROI analysis.
The full story
The Rowlett City Council on May 19 approved a Chapter 380 economic-development agreement with RK DFW Rowlett LLC for a mixed development at the corner of Main and State Highway 66. Staff described a phased incentive structure that ties payments to infrastructure work (water and sewer installation, right-of-way dedication), staged construction milestones and final-payment triggers tied to 80% occupancy.
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