The City of Rowlett, Texas, has sued the developer of a $1 billion mixed-use project for not adhering to approved plans.
According to city officials, the Bayside development is in default of their development agreement with the city. The developer is accused of changing features that city officials felt were critical to the project’s success after the city met its obligations.
Rowlett had agreed to economic development incentives, created a tax increment reinvesting zone, and sought state tax support for a convention center. The city said the developers changed the original vision by eliminating a planned eight-acre Crystal Lagoon, trolley, and one-acre show fountain, and reduced the amount of restaurant, retail and entertainment space by 55%. The revised plan also would increase the space for residential development from 29 acres to 50 acres.
“Bayside is a public-private partnership, and our development partner is obligated to adhere to the vision for Bayside with which both parties are contractually committed; any changes to the vision require city approval,” Mayor Tammy Dana-Bashian said in city news release. “We are disappointed that it has reached this point and that we are forced to take this action.”
Related Stories
Codes and Standards | May 20, 2019
Effort launched to develop better process for zero-carbon retrofits in multifamily sector
Rocky Mountain Institute, Dept. of Energy, California Energy Commission join forces.
Codes and Standards | May 20, 2019
Property lenders shouldn’t invest for 30 years in most of Florida, expert warns
Climate ignorance driving some ‘insane’ deals.
Codes and Standards | May 17, 2019
NIMBYism is the biggest multifamily construction barrier
National Apartment Assn. report assesses reasons for difficulty in creating more apartments.
Codes and Standards | May 17, 2019
Dept. of Energy to award up to $33.5 million for advanced construction R&D
Focus is on techniques to reduce energy bills.
Codes and Standards | May 16, 2019
Mixed reviews on targeted tax break for San Francisco neighborhood
“Twitter tax break” may have worsened some of the area’s problems.
Codes and Standards | May 15, 2019
OSHA inspections to increase, says Secretary of Labor
Newly hired inspectors getting up to speed.
Codes and Standards | May 14, 2019
Database records more than 1,360 K-12 school shooting incidents since 1970
Naval Postgraduate School program maps locations nationwide.
Codes and Standards | May 13, 2019
In many cities, downtown housing comes with a hefty premium
Urban core living costs hundreds of thousands more in largest U.S. cities.
Codes and Standards | May 7, 2019
San Francisco plan would require largest commercial buildings to use 100% renewable electricity
First in the U.S. mandate would be phased in from 2022 to 2030.
Codes and Standards | May 7, 2019
ABC says best practices can improve construction companies’ safety by 680%
Daily ‘toolbox safety talks’ were most effective safety measures.