Richardson Edition | July 2024

The e-edition is an exact replica of the newspaper with interactive and searchable articles from all your favorite sections.

Richardson Edition VOLUME 6, ISSUE 11 JULY 27AUG. 26, 2024

2024 Home Edition

Storm cleanup

“Within a matter of about two hours, we received nearly four years’ worth of debris.” GREG SOWELL, RICHARDSON DIRECTOR OF COMMUNICATIONS AND COMMUNITY ENGAGEMENT

Crews from Crowder Gulf collect storm debris across Richardson in the aftermath of severe weather in late May.

CONNOR PITTMANCOMMUNITY IMPACT

Richardson residents, businesses recover from severe weather

because of roof damage, and she is still working through the insurance process. “I’ve lived in Texas my whole life, and this is by far the worst storm that I’ve experienced,” Hapka said.

Hapka lives in one of the oldest neighborhoods in the city and had a large tree damage part of her roof and a water leak in the initial aftermath of the storms before a large branch totaled her SUV a week later following more storms. Hapka said her family was displaced for a week

BY DUSTIN BUTLER & CONNOR PITTMAN

In the aftermath of storms in late May, some homeowners are still recovering from damage. Amber Hapka, a resident in Richardson’s High- land Terrace neighborhood, said it took around one month to get trees cut down and removed.

CONTINUED ON 12

Also in this issue

Impacts: Alamo Drafthouse set to reopen (Page 6)

Education: RISD adopts $27.2M budget shortfall (Page 10)

Transportation: Custer Parkway construction to start (Page 16)

Nonprofit: Local Good Pantry sees high demand (Page 18)

Refined Style The 9060

Store Hours Saturday: 10am-6pm

Monday-Friday: 10am-7pm

Closed Sundays

Locally owned & operated

Locations

4017 Northwest Parkway Dallas, TX 75225 214-696-4313

8300 Gaylord Parkway, Suite 4 Frisco, TX 75034 214-618-4442

951 IH 30E Rockwall, TX 75087 214-771-0528

2704 E. Southlake Blvd Southlake, TX 76092 817-749-0177

4601 West Freeway Fort Worth, TX 76107 817-737-8454

3751 Matlock Rd Arlington, TX 76015 817-466-3882

COMMUNITYIMPACT.COM

Richardson’s bank for business Total Assets (in Millions) Total Loans (in Millions) 3JDIBSETPOh s bank for business 3JDIBSETPOh s bank for business 3JDIBSETPOh s bank for business 3JDIBSETPOh s bank for business

$500 $450 $400 $350 $300 $250 $200 $150 $100

$400 $350 $300 $250 $200 $150 $50 $0 $100

$50 $0

Total Deposits (in Millions)

Net Income after Tax (in Millions)

$400

$7.5 $7.0 $6.5 $6.0 $5.5 $5.0 $4.5 $4.0 $3.5 $3.0 $2.5 $2.0 $1.0 $1.5 $0.5

$350

$300

$250

$200

$150

$100

$50

Local Ownership, Local Management, Local Decisions Local Ownership, Local Management, Local Decisions Local Ownership, Local Management, Local Decisions www.texasrepublicbank.com Local Ownership, Local Management, Local Decisions

www.texasrepublicbank.com www.texasrepublicbank.com /FYUUP65%]

8$BNQCFMM3PBE]3JDIBSETPO 59

/FYUUP65%] www.texasrepublicbank.com

8$BNQCFMM3PBE]3JDIBSETPO 59

/FYUUP65%] Frisco | Celina | Richardson | Melissa | Pilot Point

8$BNQCFMM3PBE]3JDIBSETPO 59

RICHARDSON EDITION

/FYUUP65%]

MARINE MILITARY ACADEMY

TURN POTENTIAL INTO SUCCESS Achieve More • Prepare for College • Become a Leader Small class sizes , individual attention, and a variety of extra-curricular activities help us develop disciplined, morally strong, college-ready young men who are prepared for responsible leadership .

Learn more by attending a free info session near you: Thursday, August 1 at 7:00 pm Plano Marriot Legacy Town Center 7121 Bishop Rd A College-Prep Boarding School for Boys in Grades 7-12 »» 320 Iwo Jima Blvd. Harlingen, TX »» REGISTER NOW » MMA-TX.ORG » 956.423.6006

M/I Homes

COMMUNITYIMPACT.COM

About Community Impact

Owners John and Jennifer Garrett launched Community Impact in 2005, and the company is still locally owned today with editions across Texas. Our mission is to provide trusted news and local information that everyone gets. Our vision is to build communities of informed citizens and thriving businesses through the collaboration of a passionate team. Our purpose is to be a light for our readers, customers, partners and each other by living out our core values of Faith, Passion, Quality, Innovation and Integrity.

Market leaders & metro team

Reporters Dustin Butler Karen Chaney Mark Fadden Colby Farr Hannah Johnson Don Munsch Jonathan Perriello Connor Pittman Alex Reece Cody Thorn Graphic Designers Nicolas Delgadillo Gloria Gonzalez José Jiménez

Tracy Ruckel General Manager truckel@ communityimpact.com

Chelsea Peters Armando Servin Managing Copy Editor Beth Marshall Managing Editor Miranda Jaimes Senior Art Production Manager Breanna Flores

Michael Crouchley Editor mcrouchley@ communityimpact.com

Leanne Libby Publisher llibby@ communityimpact.com

3803 Parkwood Blvd., Ste. 500 Frisco, TX 75034 • 2146189001 CI Careers

Proudly printed by

Join CI Patron for exclusive newsletters and swag.

communityimpact.com/careers linkedin.com/company/communityimpact ricnews@communityimpact.com ricads@communityimpact.com communityimpact.com/advertising

Press releases

Advertising

Email newsletters

communityimpact.com/newsletter

RICHARDSON EDITION

Impacts

location in North Texas. • Opened early May • 1381 Lake Park Way, Ste. 400 • www.vosssalon.com

PLANO PKWY.

PGBT TOLL

RENNER RD.

Coming soon

LAKE PARK WAY

BRECKINRIDGE BLVD.

Richardson

LAKESIDE BLVD.

5 Bomb Hair Studio The business offers hair braiding services and specializes in microlocs extensions, according to its website. • Opening late-July

TELECOM PKWY.

CAMPBELL RD.

WOODLAND WAY

• 300 N. Coit Road, Ste. 265 • www.bombhairstudio.com

COLLINS BLVD.

78 6 Bonchon Along with fried chicken, Bonchon offers chicken katsu, fried rice, tacos and more. • Opening in July • 904 Audelia Road, Ste. 300, Richardson • www.bonchon.com 7 The Antique Table Cafe The restaurant will be located within Cottonwood Market Antique Mall in the Dal Rich Town Square shopping center. It will serve appetizers and light snacks, salads and sandwiches. • Opening in August • 101 S. Coit Road, Ste. 50, Richardson • www.antiquetablecafe.com 8 Alamo Drafthouse The business will reopen in Richardson after the previous franchisee filed Chapter 7 bankruptcy earlier this month. • Opening Aug. 8 • 100 US 75, Ste. 14, Richardson • www.drafthouse.com 9 Mr Max Mr Max’s menu includes various sashimi options, appetizer samplers, oysters and noodles. • Opening mid-July • 800 N. Coit Road, Ste. 2550B • www.mrmaxtx.com

ARAPAHO RD.

BELT LINE RD.

SPRING VALLEY RD.

BUCKINGHAM RD.

MAP NOT TO SCALE

• Opened July 10 • 700 E. Campbell Road, Ste. 190, Richardson • www.bombayrepublicdallas.com 3 Spawz The business is open for grooming and retail services, including the sale of treats, toys and dog food, is planned for July, owner Michael Troutt said. • Opened June 20 • 901 N. Jupiter Road, Ste. 140 • www.spawztx.com 4 Voss Salon The business offers a variety of services to customers, including: haircuts, colors and facial masks, according to its website. The Richardson store is the salon’s third

Now open

1 Venezuelan Restaurant Along with arepas, the restaurant serves popular dishes such as pabellón criollo, which is a plate of rice, stewed black beans and shredded beef and tequeño. • Opened June 28 • 1403 E. Campbell Road, Ste. 108, Richardson • www.venezuelanrestauranttx.com 2 Bombay Republic The restaurant’s menu includes a Mumbai street food- inspired menu, such as a peri peri paneer—cottage cheese sauteed in peri peri sauce—vegetable and chicken pastas, and kebabs.

Exceptional care at an affordable price! Vetsavers. Saving Pets | Saving Money ®

OUR LOCATION PRESTON RD JUST SOUTH OF GEORGE BUSH HWY 19009 Preston Rd #100, Dallas 75252 vetsaverspethospital.com CALL 972-695-5335

SPAY OR NEUTER (6 months or under)

DENTAL CLEANING $209 Price shown does not include charges for take home medication, pre-operative blood work, extraction and oral surgery, dental radiographs, endodontic/ortho- dontic procedures.

DOG VACCINES & EXAM PACKAGE Comprehensive exam, Rabies, DA2PP, Bordetella, Leptospirosis $119

CAT VACCINES & EXAM PACKAGE Comprehensive Exam, Rabies, FVRCP, FELV $119

$269 (Under 20 lbs) $289 (21-40 lbs) $319 (41-60 lbs) $369 (61-80 lbs)

Prices shown do not include charges for take home medication, pre-operative blood work, retained testicles, in-heat, or pregnant.

Not valid with any other vaccine or wellness packages. Limit two (2) per visit FREE NEW PATIENT EXAM

OPEN 7 DAYS A WEEK!

COMMUNITYIMPACT.COM

BY DUSTIN BUTLER, MICHAEL CROUCHLEY & CONNOR PITTMAN

and movies. • Expected opening in 2025 • 13350 Dallas Parkway, Dallas • www.netflixhouse.com

Relocations

Coming soon

10 Streams of Joy Dallas The church’s former location was in the Shops at Promenade shopping center in Richardson. • Relocated June 9 • 1981 N. Central Expressway, Richardson • www.streamsofjoy.org

Closings

12 Texas Capital Bank The bank offered personal and commercial banking services, investment services and wealth management. Texas Capital Bank replaced the Richardson branch with a branch in Southlake. • Closed in June • 2350 Lakeside Blvd., Richardson • www.texascapitalbank.com 13 Below 40 Fresh Kitchen The restaurant served poke bowls, chicken, shrimp or steak bowls, salad and ramen. • Closed in May

In the news

11 Starbucks Work within the coffee shop was completed in late June. Two other Starbucks locations in Richardson: one on West Campbell Road near US 75 and the other on Renner Road near the intersection with North Plano Road, also underwent renovations earlier this year. • 1401 W. Campbell Road, Richardson • www.starbucks.com

14 Woodland Park The new playground will include two play structures with slides, a pendulum swing, in- ground net climber, spinners, geometric climbers and four bays of swings. Woodland Park is one of five city parks that had a playground replacement funded as part of the city’s 2021 bond. • Opening end of July • 1300 Woodland Way, Richardson • www.cor.net/departments/parks-recreation/ parks-trails/park-descriptions-locations

• 220 W. Campbell Road, Richardson • www.below40freshkitchen.com

Worth the trip

Netflix House Visitors will be able to enjoy immersive experiences, buy merchandise, or enjoy food based on Netflix shows

COMMERCIAL REAL ESTATE

Buy, sell, lease, finance, invest, develop.

Billy Sanders, Broker & Appraiser

www.realpier.com | 214-878-1000 | billy@realpier.com

RICHARDSON EDITION

Government

Richardson sta present updated City Hall design City sta presented a City Hall design that is expected to complement the updated library during the June 17 council meeting. The gist The design of the new building will have the new council chambers, which will be able to hold 170 individuals, as a focal point of the structure, Assistant City Manager Charles Go said. According to the presentation, the budget for the project remains $91 million, which allocates $82.5 million for various construction costs and $7.5 million to cover the project contingency and relocation to the temporary City Hall. Funding is sourced through the 2021 and 2023 bonds, insurance proceeds and project savings.

An updated City Hall design was presented to Richardson City Council during the June 17 meeting.

RENDERING COURTESY CITY OF RICHARDSON

• $200,000 for parking lot repairs • $325,000 for an extended second oor patio • $225,000 for relocating a transformer on the site The new City Hall project is part of a larger municipal campus project, which includes a $48.1 million renovation of the Richardson Public Library that began in March. A public art budget of $1.32 million is also allocated for the new City Hall. What’s next Go said a groundbreaking ceremony is likely to take place this fall when construction begins.

Some context The new City Hall is needed after the previous structure was damaged by a re in August 2022. Demolition on the old structure began in May with construction expected to start later this year. Per the presentation, there are other components to the project not included in the bidding scope, which is meant to provide exibility, including: • $1.25 million for rooftop solar panels • $1.1 million for plaza and Leadership Grove enhancements

COMMUNITYIMPACT.COM

BY CONNOR PITTMAN

More apartments in CityLine approved More open space and apartments could be developed in the future within Richardson’s CityLine development. A request to increase the maximum number of apartments in the entire CityLine development by 1,175 to 5,100, add more open space and have a higher minimum density was unanimously approved by Richardson City Council during the July 8 meeting. The overview The request, made by the mixed-use devel- opment’s developer, KDC, would only impact a 62.5-acre planned development district between North Plano Road to the west and R Street to the east, just north of CityLine Drive, Director of Development Services Sam Chavez said. Within the specic district, the increase of 1,175 apart- ments would allow up to 3,100 to be constructed,

BELT LINE RD.

“One of the pros of this plan... is that it creates a path forward

that’s based in market reality.” DON MAGNER, RICHARDSON CITY MANAGER

SPRING VALLEY RD.

JAH Realty buys Richardson Heights The Richardson Heights Shopping Center has new ownership after Oklahoma-based JAH Realty purchased the site for $40.5 million from Silver Star Properties. The purchase was completed June 28, according to a news release from JAH Realty. The gist The 201,433-square-foot Richardson Heights Shopping Center includes Half Price Books, T.J. Maxx and Alamo Drafthouse.

according to city documents. The details In addition to a higher allowance of apart- ments, more open space and a minimum density of 60 units per acre will be required within the planned development district, Chavez said. According to the sta presentation, 6.6 acres of open space will be provided along the eastern- most portion of the district while at least 2.78 acres of a 4.64-acre area earmarked for open space must be provided.

As Richardson’s needs have grown, so has the emergency department you depend on. After a $46 million upgrade, Methodist Richardson Medical Center is excited to welcome you to our expanded emergency department. We’ve added 80,000 square feet and 18 beds, including 5 new trauma bays and a welcoming new interior upgrade. Being there with the advanced emergency care our friends and neighbors depend on. That’s community and why so many people Trust Methodist.

For more information, visit us at MethodistHealthSystem.org/Richardson or call 469-770-9499

Texas law prohibits hospitals from practicing medicine. The physicians on the Methodist Health System medical staff are independent practitioners who are not employees or agents of Methodist Richardson Medical Center, Methodist Health System, or any of its affiliated hospitals. Methodist Health System complies with applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, or sex.

RICHARDSON EDITION

Education

BY KEVIN CUMMINGS

Richardson ISD trustees adopt $417M FY 202425 budget with $27.2M shortfall

RISD Budget Shortfalls

$20M

The Richardson ISD board of trustees adopted a $417 million budget for scal year 2024-25 that includes a $27.2 million shortfall. Over $9 million more than the previous scal year, the FY 2024-25 budget is the fth consecu- tive shortfall budget adopted by the district. “This budget continues our work to utilize the district’s limited resources,” Superintendent Tabitha Branum said in a news release. The context Throughout the year, Branum has said many of the district’s budgetary issues stem from a lack of increase to public education funding and declining student enrollment. In addition, district ocials previously said RISD is expecting to see operational costs increase by more than $6 million in FY 2024-25 due to increases in insurance costs, special education sta increases, utility cost increases and state mandates, such as required security ocers at all campuses. “As the costs of operating a school district continue to rise due to ongoing ination, it’s important to keep reminding our stakeholders that we have not received a per-pupil funding increase in the basic student allotment from the state Legislature since before the pandemic—six years,” Branum said. The FY 2024-25 shortfall will be funded through the one-time use of the district’s fund balance, which is similar to a savings or checking account. The fund balance is used to pay district expenses,

such as payroll and utilities, every month when property tax collections and state funding are not enough to cover operating costs. A closer look Despite the shortfall increasing from the previ- ous scal year, district ocials said the FY 2024-25 budget includes $12.8 million in cost reductions and eciencies, including school consolidation and cuts to central and support sta. District ocials said they intend to look into other cost-saving measures that include: • Opening enrollment outside the district • Considering a $0.03 increase to the district’s maintenance and operations tax rate • Implementing a new stang framework Digging deeper While the district has made eorts to reduce costs, trustees also approved compensation increases for teaching and nonteaching sta that are expected to cost RISD about $18 million annually. Under the new compensation plan for FY 2024-25, which is aimed at attracting and retaining talent, the starting salary for new teachers will be $61,000. In addition, many other nonteaching sta would see a 3% pay increase, and custodial sta would have a starting pay of $15 per hour. “This budget process has been bittersweet,” Branum said. “The clear highlight is being able to nally reward our experienced teachers at levels they deserve.”

$40M

$80M

$100M

*PROJECTED WITHOUT ANY MITIGATION EFFORTS SOURCE: RICHARDSON ISDCOMMUNITY IMPACT

"This budget continues our work to utilize the district’s limited resources consistent with our ... [goal] of student academic growth.”

TABITHA BRANUM, SUPERINTENDENT

Also of note Other highlights of the budget include: • An anticipated state-set operating tax rate of $0.7899 • A debt service tax rate of $0.35 • Continuing the local optional homestead exemption

CURRY • BIRYANI • DOSA • KABOBS • INDO-CHINESE

10% Off Any Order Use code BAWARCHICI10 for online orders Proudly serving delicious Indian food in Richardson since 2014

PRINTED AND EMBROIDERED APPAREL, PROMOTIONAL PRODUCTS, AWARDS, TROPHIES, SPIRITWEAR AND . . . much more!

1750 Alma Road Suite 122 Richardson, TX 75081 Logotology.com

1801 N Greenville Ave., Ste. 250 • In the Shops at Eastside • 972-474-8844

COMMUNITYIMPACT.COM

Real estate

BY PRESTON RAVIN

Home Edition

2024

Readers, welcome to your annual CI Home Edition! This guide features news ranging from key real estate trends and new developments unique to your neighborhood to an overview of the housing industry across Texas. All of the stories were written by our team of local journalists, and all of the advertisements are from nearby businesses who support our mission to provide free, useful news—show them your gratitude by supporting local businesses. There is a lot to explore in this year’s Home Edition. Our page 14 story provides a closer look at how upcoming changes to Multiple Listing Service platforms could change the home buying process. Other content includes a snapshot of the current market, which we work to provide every month. You can take a look there for more information on Richardson’s real estate market, and keep reading the special section for more information from our cover story, including how the recent storm may impact insurance rates. Anything we forgot that you’d love to see in next year’s Home Edition? Shoot us an email at ricnews@communityimpact.com.

What's inside

See how the recent storm may impact insurance rates (Page 12-13)

Tracy Ruckel General Manager truckel@ communityimpact.com

National changes could affect how real estate brokers are paid (Page 14)

Find recent real estate data broken down by ZIP code (Page 15)

What North Texas homeowners should know about solar panels In an effort to explore the growing impact of solar energy within the community, Lori Clark, senior program manager at North Central Texas Council of Governments’ Transportation Depart- ment, broke down how solar panels can be useful for homeowners. She also advises how homeown- ers can find more information about solar panels. How do solar panels work? Solar panels are made out of primarily silicon sheets, but the sunlight energizes electrons in the solar panels themselves, which start moving around and create current, which creates electricity. As long as you’ve got sunlight, and it doesn’t have to be full sun—cloudy days, work too—those solar panels are able to create energy on site. What are the benefits of having solar panels? The benefit of higher electricity cost is that it makes solar more beneficial economically, because you’re generating your own power, so that’s power that you don’t have to pay the utility for. You still have to pay every month to be connected to the

electric grid, and you do have to pay the capital cost of installing that solar array, but the cost of installing solar has come down like 90% over the past decade, so it’s much less expensive now than it used to be. There’s also a resilience benefit. During the winter storm, there were several people who had solar and battery storage in their homes, and they didn’t lose power—it’s able to run off of solar. What are some drawbacks of solar panels? The number one drawback is that they can be expensive, depending on how much you install at a home. You’re not necessarily going to see the payback in a single year. It may take a few years for you to see the cost savings, so you have to be able to handle that upfront capital cost. What factors should homeowners consider if they decide to install solar panels? First and foremost, how much power is that solar installation going to produce, and how much is your home going to use? You want to consider the experience of that solar installer. Check with the Texas Solar Energy Society or the North Texas Renewable Energy Group. Both of those are interest groups, advocacy groups, that are well-networked and know a lot about what’s happening in the solar industry in Texas. So you want to ask what kind of certifications those solar installers have. North American Board of Certified Energy Practitioners is one of the industry’s kind

COURTESY LORI CLARK

of one of the highest certifications. Solar United Neighbors is a nonprofit that does a lot of con- sumer education and kind of consumer protection things related to solar, so checking out the Solar United Neighbors website and tips and things like that for recommendations.

This interview has been edited for length and clarity. For a longer version, visit communityimpact.com .

RICHARDSON EDITION

Storm cleanup From the cover

BY DUSTIN BUTLER & CONNOR PITTMAN

Looking ahead

Why it matters

The impact

Debris collection Richardson city staff worked with their debris collection contractor, Crowder Gulf, to prioritize collection from the most affected areas from storms May 28-June 5 first.

Home insurance increase Home insurance rates have increased in Texas for a number of reasons, with the state’s severe weather being one of them.

The May 28 storm’s impact has had a ripple effect, Guitars and Growlers co-owner Amy Baker said. “When you lose that kind of sales for three days, it really does affect your month,” she added. Jeng Chi co-owner Janelle Ting said insurance will cover the damaged equipment, but she doesn’t know if it will cover the lost food items. However, she said she is more concerned about the employ- ees who lost wages because of the storm. “Insurance doesn’t cover [lost wages for employees],” she said. “This situation doesn’t qualify as worker’s comp, and they can’t go and apply for unemployment.” The Texas Workforce Commission does offer disaster unemployment assistance if a worker meets the eligibility requirements, according to the organization’s website. Johnson said inflation and severe weather in Texas have driven increases to insurance rates. “With the increase in population, the massive

City officials are expecting debris collections to last until around early August, at which point regular bulky item and brush collection will resume. To help cover damaged property, the Federal Emergency Management Agency has extended the deadline to apply for federal assistance to Aug. 15. As for insurance, Johnson said he does not anticipate private insurance companies pulling out of Texas, like they have in California and Florida. Instead, companies will likely continue offering a selection of policies, potentially with higher costs for policyholders. “It’s not like you can’t pin it down and say, ‘This one storm [is] going to make my rates go up,’” Johnson said.

P L A N O P K W Y .

City Manager Don Magner said the damaged area from the 2024 storms is about 10 times larger— and resulted in about 250,000 cubic yards of debris citywide—than impacted parts of the city from a 2019 tornado. Recovery from the storm could cost the city as much as $5.1 million. Several businesses were affected by the storm as well. Guitars and Growlers, located in Campbell Plaza, and Jeng Chi, located in DFW Chinatown, were closed for several days because of power outages across Richardson. Along with lost sales, both restaurants’ owners said they experienced food spoilage and damage to equipment, such as vent hoods, air conditioning units and freezers. Rich Johnson, director of communications for the Insurance Council of Texas, said there will likely be increases to home insurance rates and premiums because of the severe weather, but they will be spread over several years.

PGBT TOLL

R D

R E N N

Statewide average premium rate

Key

LOOKOUT DR.

1st area of collection 2nd area of collection 3rd area of collection 4th area of collection 5th area of collection

$2,374

+23.9%

PGBT TOLL

CAMPBELL DR.

$1,916

SOURCE: TEXAS DEPARTMENT OF INSURANCE/COMMUNITY IMPACT 2018 2019 2020 2021

2022

SPRING VALLEY RD.

B U C K I N G HA M R D .

635

increase in property values—all of that creates an environment for increased property insurance rates,” Johnson said.

WALNUT ST.

DALLAS 9500 North Central Expressway (214) 369-2800 ADDISON 15055 Inwood Road (972) 239-5891

Real estate

BY COLBY FARR CONTRIBUTIONS BY BRITTANY ANDERSON

Multiple Listing Service changes could affect how real estate brokers are paid

Updated MLS policies The changes outlined by the NAR settlement in March that go into effect in August include:

Compensation disclosures to sellers, and prospective sellers and buyers, are required. MLS participants can’t filter or restrict listings to clients based on the level of compensation offered to the agent. Listing agents can no longer make compensation offers to buyer agents on the MLS.

After announcing a $418 million settlement in March, the National Association of Realtors is implementing policy changes for Multiple Listing Service platforms across the country later this year. The changes are expected to take effect Aug. 17 and could change how real estate brokers are paid. Officials from the Collin County Area Realtors association, which is affiliated with the NAR and tracks data across the region, explained how the settlement and policy changes can affect licensed brokers, buyers and sellers in the Dallas-Fort Worth area. The background The MLS is an online platform where licensed real estate professionals can list homes for sale or view homes that are already listed. Shana Acquisto, real estate broker and former president of the CCAR, compared the platform to Carfax, an online database that compiles vehicle information for buyers and sellers of used cars. Listing a property on the MLS platform gives it the best exposure, which typically leads to homes selling at higher prices, she said. Individuals have to hold a real estate license to access the applica- tion, MLS Director Terry Smith said. More than 800 MLS platforms are managed by realtor associations across the country, including the CCAR. For realtor associations affiliated with the NAR, the MLS policy changes must be implemented in August, according to a May 3 news release by the NAR.

What’s changing? Real estate brokers will still be paid for their services, but the way they’re paid could change in August. Compensation agreements will be reached through negotiation and consultation off of the MLS. “It’s just a change in our process,” Acquisto said. “Really nothing has changed because the fact is commissions have never been fixed.” Instead of a compensation offer being listed in the MLS, buyers’ agents now have to reach out to the seller’s agent through the MLS to inquire about compensation, she said. Buyers will have to sign a compensation agreement before touring any homes identified through the MLS. Interest rates and supply and demand will con- tinue to drive home prices in the post-settlement real estate market after the policy changes take effect, she said. “Nothing in NAR’s policies has increased costs for buyers or sellers, and this settlement preserves consumers’ choices regarding real estate services and compensation,” Acquisto said in an email. What’s next? After the policy changes take effect, a final approval hearing for the settlement is scheduled later in November. More information about the settlement’s impact on real estate professionals can be found at www.nar.realtor/the-facts. For potential clients looking to buy or sell a home, Acquisto recommended they connect with

MLS users must enter an agreement with buyers before home tours.

SOURCE: NATIONAL ASSOCIATION OF REALTORS/COMMUNITY IMPACT

2024

March 15: Settlement agreement signed April 24: Preliminary approval of settlement review granted by the court Aug 17: Practice changes take effect, earliest day for class action lawsuit notifications to be issued to those impacted Nov. 26: Final approval hearing for the settlement

SOURCE: NATIONAL ASSOCIATION OF REALTORS/COMMUNITY IMPACT

a licensed real estate professional. “Maybe some of the conversations are different, but since the beginning of time we’ve changed our processes and they’ve improved,” she said. “Change is a constant. What hasn’t changed is the law of agency and how we represent our clients on both sides.”

New! A Community Impact Print + Digital Advertising Package

COMMUNITYIMPACT.COM

Real estate

June 2023

June 2024

More than 80 homes in Richardson were sold and nearly 140 new listings were added to the market during June. Residential market data

Number of homes sold

Median home price in the last 6 months

-17%

-30.3%

-11.11%

75080 $474,000

75081 $425,000

75082 $588,245

PGBT TOLL

75082

75080

75081

75082

75080

75081

Median home sales price

PGBT TOLL

BELT LINE RD.

June

2023

2024

$477,500

$505,000

75080

Homes sold by price point

$430,000

$440,000

75081

June 2024

$670,000

$660,063

75082

$1 million+

$700,000-$999,999

Average days on the market

Number of new listings

$400,000-$699,999

-5%

+107.14%

+95%

+16.4%

-7.5%

-14.29%

$100,000-$399,999

MARKET DATA COMPILED BY COLLIN COUNTY AREA REALTORS WWW.CCAR.NET

75080

75081

75082

75080

75081

75082

Law Offices of Dana D. Huffman, P.C. CONTACT OUR OFFICE ABOUT REVOCABLE TRANSFER ON DEATH DEEDS R.I.S.D. GRADUATE AND RICHARDSON RESIDENT STEPHEN F. AUSTIN TEXAS WESELYAN LAW 26 YEARS IN PRACTICE ESTATE PLANNING • PROBATE • MEDIATION CIVIL/FAMILY/CPS • ARBITRATION

Authentic North Indian Cuisine FREE CIGAR SAMOSA with purchase of 3 Entrees Expires 8/31/24 10% DISCOUNT

on all Biryanis for Students with ID Expires 8/31/24

1901 N. Central Expressway, #200 Richardson, TX 75080

700 E Campbell Rd Ste 190 bombayrepublicdallas.com (972) 803-6273

972-713-7757 • WWW.HUFFMAN.LAW

RICHARDSON EDITION

Transportation

BY CONNOR PITTMAN

Custer Parkway construction expected to begin later this year and there are no plans for utility replacements. The more extensive work will take place between West Campbell Road and Renner Road. W . R E N N E R RD . PGBT TOLL

A Richardson roadway will soon be recon- structed after delays to the start date, which was originally planned for May. City Manager Don Magner informed Richardson City Council of the change to the Custer Parkway project during the June 10 meeting. The delays will allow city staff to refine the bidding documents to allow for a two-year project, instead of the 18-month project originally envisioned. Two-minute impact Magner said the additional time until the start will allow city officials to communicate with the affected neighbors and business about the reconstruction project, which will take place along Custer Parkway from West Campbell Road to the President George Bush Turnpike. It is the second phase of improvements along Custer Parkway. According to the city’s website, segments of the street between Renner Road and the President George Bush Turnpike will be replaced as needed

Construction is expected to cost around $21.4 million, which is under the budgeted amount of nearly $25 million. According to city documents, the project will be paid for by reserve funding in the city’s water and sewer fund and the 2021 bond. Why it matters Magner said the reconstruction is necessary because Custer Parkway is frequently used, but is in poor condition. With the new two-year project window, construction crews are more likely to meet the deadline, he added. Looking ahead Construction is anticipated to start in the late summer or early fall this year, Magner said.

CUSTER PKWY.

W. CAMPBELL RD.

Project details

Street and sidewalk reconstruction

Water and sewer line replacement

Street light replacement

New traffic signals at two intersections

SOURCE: CITY OF RICHARDSON/COMMUNITY IMPACT

Advertise in the Education Edition

If you want to keep an aging loved one safe at home, Home Instead ® can help.

• Persona Care • Memory Care • Companionship

• Arthritis Care • Meal Prep • Diabetes Care

• Transportation • Chronic Conditions Support • Hospice Support

(972) 521-8847

SALESSUPPORT@COMMUNITYIMPACT.COM PRINT + DIGITAL PACKAGES | DIRECT MAIL

HomeInstead.com/278

COMMUNITYIMPACT.COM

Events

BY DUSTIN BUTLER

• $49-$95 • The Eisemann Center, 2351 Performance Drive, Richardson • www.eisemanncenter.com

August

Sunday Poker The Brass Tap at CityLine hosts a game of Texas Hold ‘em every Sunday. The winner will take home a $150 prize and

Dance Around the World: Arathi School of Dance

will be eligible for a monthly award. • Aug. 4, Aug. 11, Aug. 18, 5 p.m. • Free (admission) • 1251 State St., Ste. 650, Richardson • www.brasstapbeerbar.com/richardson

Richardson City Hall is hosting a demonstration from the Arathi School of Dance with a performance of Bharatanatyam dance, a tradition from southern India. • Aug. 17, 1-1:30 p.m. • Free • 2360 Campbell Creek Blvd., Richardson • www.cor.net

Dewey Knit Knitters of all ages and skill levels are invited to attend this gathering of knitting enthusiasts. • Aug. 3, 2-4 p.m. • Free • Richardson Public Library, 2360 Campbell Creek Blvd., Richardson • www.cor.net/departments/public-library Ishwara by Rukmini Vijayakumar This performance depicts portrayals of many human experiences such as love, loss and realization. It features the celebrated Bharatanatyam dancer and choreographer Rukmini Vijayakumar, who will depict the stories of Shiva and Parvati through her dance. • Aug. 16, 7 p.m.

Humanizing the Homeless: Portraits, Signs, and Songs

CityLine Summer Night Market The CityLine Night Market by The Boho Market will bring local vendors selling vintage and handcrafted. The market will feature live music from John Herbert playing a mix of pop, rock and country songs. Lawn chairs, picnic blankets and

UT Dallas is hosting an art exhibit meant to bring awareness to homelessness. The exhibit features portraits taken by Canadian artist Leah den Bok of those experiencing homelessness and a collection of hand-crafted signs purchased by SMU professor of advertising Willie Baronet from those living on the streets. • Aug. 19-Aug. 29, 8-11 a.m. • Free • 800 W. Campbell Road, Richardson • www.utdallas.edu

dogs are welcome. • Aug. 9, 6-10 p.m. • Free (admission) • 1150 State St., Richardson • www.citylinedfw.com

Authentic Mediterranean and Lebanese Cuisine

214-812-9760 700 E Campbell Rd #120

Scan to check out our instagram

RICHARDSON EDITION

Nonpro t

BY PRESTON RAVIN

Local Good Pantry opened in November 2023.

COURTESY LOCAL GOOD PANTRY

Local Good Pantry in Richardson has seen a 350% increase in weekly clients since opening last fall.

COURTESY LOCAL GOOD PANTRY

Local Good Pantry helps address food insecurity

In addition to providing food, Local Good Pantry also provides essential items like diapers, wipes and laundry soap, Parlin said. She added that there are days when the pantry sees more than 68 new applicants. “It’s heartbreaking to witness the growing need in our community, but it strengthens our resolve to do everything we can to support our neighbors,”

Since it opened in November 2023, Richard- son-based Local Good Pantry has rapidly become a resource for many local families facing food insecurity. According to Local Good Pantry Director Tracy Parlin, the nonprot, has seen an increase in demand as it steps in to ll the void left by the closing of a neighboring pantry. What you need to know Since its opening in November 2023, the pantry has seen a 350% increase in weekly clients, largely driven by increasing food costs and living expenses that have forced many families to make dicult choices between essentials like food and medicine, Parlin said.

The pantry provides food and more to those in need.

PRESTON RAVINCOMMUNITY IMPACT

Parlin said. What’s Next

SPRING VALLEY RD.

Looking ahead, Local Good Pantry is seeking partnerships and expanding its volunteer base to sustain vital community services in order to increase capacity and outreach eorts.

741 S. Sherman St., Richardson www.localgoodpantry.org

you need to know about your community in 5 MINUTES

COMMUNITYIMPACT.COM�NEWSLETTER

COMMUNITYIMPACT.COM

LIVE MUSIC, 50 BEERS ON TAP, BILLIARDS & MORE!

Virtually ip through any e-edition! Enhance your experience with hyperlinked stories and ads.

HAPPY HOUR MON-FRI 4PM-7PM MONTHLY EVENTS DAILY LUNCH SPECIALS TRIVIA NIGHT EVERY MONDAY

3000 Northside Boulevard #800 | 972-238-7915 | northsidedrafthouse.com $10 OFF With minimum food purchase of $20.00. One coupon per table, per visit. Cannot be combined with other offers. Offer Expires 8/31/24.

COMMUNITYIMPACT.COM PRINTARCHIVES Snap or visit

RICHARDSON EDITION

OFFICE FURNITURE AT INCREDIBLE PRICES! Desks • Chairs • Filing Cabinets • Book Cases • Home Office Furniture

40% OFF CATALOG PRICE OF ANY NEW ITEM Make a donation to and receive an additional 10% off any used in store item Expires 8/31/24

Serving Richardson Since 2007!

W. CAMPBELL RD.

561 W Campbell Rd.#201 • www.thebenefitstore.org • 972-470-0700

for fall 2024!

Violin l Piano I Guitar l Voice l Preschool Music

baby classes, preschool classes, group classes, camps & private lessons

come see all that we have to offer for the school year! August 24, 2024 1-4pm

20% OFF enrollment when mentioning this ad EXP 8/31/24

Free Shake or Regular Fry with Wich Purchase. With coupon only.

meet teachers see performances try classes entertainment and more...

232 W Campbell Rd • (972) 705-9424 • whichwich.com

GOURMET PIZZA PASTA HOAGIES SALADS DESSERTS WINGS

... AND MANY OTHER ITEMS TO CHOOSE FROM $ 25.99

$ 19.99 $ 15.99 Expires 8/31/24 Cannot be combined with any other offer. ANY TWO SANDWICHES * EXCLUDING THE FLYING PIG ANY LARGE GOURMET PIZZA MON-FRI 11AM-4PM Expires 8/31/24 Cannot be combined with any other offer.

LARGE 2 TOPPING PIZZA , SMALL CHEESY BREAD, 5 PIECE WINGS & ONE 2 LITER DRINK

Expires 8/31/24 Cannot be combined with any other offer.

581 Campbell Rd. #129 Richardson, TX 75080 (972) 480-9555 OliveOilsPizzeria.com

COMMUNITYIMPACT.COM

RICHARDSON EDITION

DON’T LET PLUMBING OR AC ISSUES RUIN YOUR SUMMER

TEXANS KNOW HEAT!

WE KNOW COOLING!

ANY PLUMBING OR AC REPAIR $100 OFF

Same-Day & 24/7 Services Available Schedule your FREE estimate CALL TODAY 214-247-7711

0% FOR 60 MONTHS *On Qualifying HVAC equipment

Watch to learn more

*cannot be combined with any other offer EXPIRES: SEPTEMBER 1, 2024

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12-13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24

communityimpact.com