SUCCESS STORIES
ELMENDORF TIRZ
CEDS created an 1100 + acre TIRZ to facilitate the development of a mixed use residential / commercial development for a joint venture ownership consortium, with negotiated benefits exceeding $50M in value to the Developer partnership.
ALAMO DRAFT HOUSE, LEAGUE CITY, TEXAS
Project: Worked in partnership with Geisler Economic Incentives to negotiate and approve a $1.5MM development agreement for Triple Tap Ventures, LP in League City TIRZ #2. Triple Tap plans a mixed use development anchored by an Alamo DraftHouse theatre and restaurant/bar.
THE “CAMINO REAL DE TIERRA ADENTRO” PORT
Project: Preparation of a financial feasibility study and finance plan for a new port of entry in the city of Sunland Park, New Mexico called the “Camino Real de Tierra Adentro” Port. The City approved the report for inclusion in the Presidential Permit submitted to the US State Department.
TIRZ 22 —EXPANSION
On behalf of the East Houston Civic Club, and working with the City of Houston Mayor’s office, and the TIRZ #22 Board of Directors and Zone legal counsel, we prepared and successfully received support and approval for the expansion of the Leland Wood TIRZ by an addition 1480+ acres of land into the zone to stimulate and catalyze development and redevelopment of the area, and the first amendment to the Zone’s project plan and reinvestment zone financing plan, increasing the project costs in the zone to over $90MM.
ANZALDUAS PORT OF ENTRY—MISSION TEXAS
Working the Mission Redevelopment Authority and Mission TIRZ, managed the sale of $14MM in tax exempt bonds, a significant portion of which were used to finance engineering for almost four miles of new highway to create access to the new port of entry. Negotiated $27 Million in right of way acquisition for the project, and oversaw the construction of the project including and two overpasses and new traffic interchange at US Interstate 2 and Bryan Road. Also received / managed a $1.5MM EDA grant for infrastructure to serve the General Services Administration facilities at the bridge. The bond funded work, coupled with the Grants received from the EDA and others, enabled the Redevelopment Authority to secure over $90Million in local MPO funds to finance construction of the controlled access roadway to and from the new port of entry with Hwy US83.