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"Verizon is fronting the money ...
"Verizon is fronting the money for the infrastructure and we propose to pay them back - not in a full-blown tax increment financing district - over a 10- to 15-year period through the increase in property tax revenue," Joey Grisham, director of business recruitment at the Greater Irving-Las Colinas Chamber of Commerce, told the Dallas Business Journal.
"This allows the city to help move the project forward," he added.
"We hope this will be approved at the city council meeting in March."
Grisham and city officials hope the development of Hidden Ridge will help recruit new companies and retain Irving-based businesses by offering a truly walkable mixed-use development, which is what C-level executives want to recruit and retain within their own businesses.
"Every company wants the amenities and this project will have the DART station and feed off the Music Factory," he told me. "This will be a huge revenue generator."
These projects - such as Legacy West in Plano and CityLine in Richardson- have proved successful among household name companies, such as Toyota, State Farm Insurance, J.P. Morgan Chase and Liberty Mutual Insurance.
"I am so very proud of ...
"I am so very proud of our two communities, Williamson County, the State of Texas, Taylor ISD, Hutto ISD, and the Austin Chamber of Commerce for putting forth such a herculean effort in pursuit of this project," said Hutto EDC President Joey Grisham.
"This is a game-changer site," said ...
"This is a game-changer site," said Joey Grisham, president of the Hutto Economic Development Corp.
didn't have an available 5 million-square-foot building, but Grisham
said the community submitted a proposal to build on several hundred acres.
could get Taylor to help enlarge Hutto's original proposal of several hundred acres.
said Hutto-Taylor had put together a package of tax abatements and rebates worth $800 million to $900 million over 20 years.
It had spent $20,000 for an option on the 1,200-plus acres.
The only upfront money would be whatever the state offered from the Texas Enterprise Fund
"We knew no one was going to give $500 million upfront," Grisham
Nevada provided a $1.3 billion package, including tax breaks that will allow Tesla
to operate the factory virtually tax-free for years.
"I don't view it as a loss because look at the exposure we're going to get," Grisham
"This is the biggest project talked about in the world."
said the Hutto-Taylor partnership is trying to extend the options on the land and is approaching investors to buy the land - at a cost of $20 million - to keep the megasite together for a game-changing project.
Staff | Hutto EDC
has 12 years of community and economic development experience.
His most recent position was as Director of Lake Granbury Area EDC in Granbury, Texas.
Prior to that, he
held similar roles in Keller, Texas and Marion County, Mississippi.
also worked for a national retail /economic development consulting firm where he
performed projects in Alabama, Arizona, Indiana, Tennessee, Wisconsin, and several cities in Texas.
has successfully marketed several communities for new business recruitment, retention, and expansion of existing businesses.
The husband and father of two obtained a M.S. in economic development from the University of Southern Mississippi, a M.A. in political science from the University of Memphis, and a B.A. from the University of Mississippi.
Grisham is also a member of Texas Economic Development Council, Southern Economic Development Council, International Economic Development Council, and the International Council of Shopping Centers.
By Joey Grisham, The ...
By Joey Grisham, The Hutto News, 10/15/14
Joey Grisham is the president of the Hutto Economic Development Corporation