Sienna Developer Seeking Taxpayer Support To Develope Town Center!

This just in:

Sienna Plantation developers want county to provide $13.6 million

Money would help pay for costs of infrastructure for town center

By ZEN T. C. ZHENG
Houston Chronicle

Planners of a proposed town center in the Sienna Plantation area are seeking Fort Bend County's participation, which would obligate the county to pitch in $13.6 million from property tax revenues.

That amount represents 15 percent of the total $90.5 million cost to build public infrastructure, mainly roads, for the project proposed roughly between Texas 6 and McKeever Road along Sienna Parkway at the northern entrance to the Sienna Plantation development. . . click the link above for the full story.

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MCC comment: Apparently passing costs to taxpayers on big development projects is the norm in TX. I would suggest anyone interested in further information on reinvestment zones in prime commercial areas to look at the campaign finance reports for our Missouri City officials (council members) and County Commissioners to see which development companies are regular contributors. This is generally a good guide as to how they end up voting for projects like this.






(c) 2007 Calvin