Title
Public Hearing: Project 2 (East Village) LCRA Redevelopment Plan within the 291 South LCRA Redevelopment Area; East Village Investors, LLC, applicant
Body
Issue/Request:
This is a public hearing to consider the Project 2 (East Village) LCRA Redevelopment Plan to implement the East Village Redevelopment Project as part of the larger 291 South LCRA Redevelopment Plan and Redevelopment Area
Background:
Drake Development, through a single-purpose entity formed for the East Village Project, has proposed significant development on the east side of Highway 291 South within the previously-established 291 South LCRA Redevelopment Plan. This public hearing is to consider the Project 2 Plan as part of the incentive package for the East Village project.
Impact/Analysis:
The attached presentation slides and packet materials provide a detailed analysis of the of the financial impacts associated with the project.
Timeline: See Exhibit 8 of the Project 2 Plan
Start: First quarter 2026
Finish: 2034
Presenters
Matt Pennington, Drake Development
David Bushek, Chief Counsel of Economic Development and Planning