BY CONNOR PITTMAN
$1.8 million approved for Bob Woodruff Park improvements Further improvements are planned in Plano’s Bob Woodruff Park, including additional shade structures in the dog park and a new restroom facility. The overview The cost for the restroom replacement is nearly $1.2 million, according to city documents. The second project is within the dog park at Bob Woodruff Park and includes the addition of shade structures and accessible walkways to each dog paddock, Parks and Recreation Community Outreach Specialist Kelley Crimmins said. Per city documents, the cost for the dog park improvements is $684,200.
The incentive will go toward the Texas Research Quarter, a life sciences project developed by NexPoint.
RENDERING COURTESY NEXPOINT
Council approves $15M incentive for redevelopment
As part of an ongoing partnership between Plano and Dallas-based developer NexPoint, the city is providing a $15 million economic incentive for the redevelopment of the existing Electronic Data Systems campus NexPoint purchased in 2018. Plano City Council approved the incentive during the Aug. 26 meeting, which will be paid for using funds from a tax increment reinvestment zone created around the development.
What you need to know According to city documents, NexPoint is required to invest close to $136 million to fulfill terms of the agreement. Construction could begin this fall and is expected to last until 2026, according to city doc- uments. Improvements in the first phase include a new 200,000 square foot manufacturing facility and upgrades to the site’s power infrastructure.
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