Development
BY ANNA MANESS, BROOKE SJOBERG & GRACIE WARHURST
Ruby Hotel to build event center in Round Rock Round Rock City Council approved an economic development agreement with the Ruby Hotel to construct a special events center at its meeting March 13. The details The Ruby Hotel sits o Fannin Avenue near Round Rock’s downtown. With council approval, the hotel owners purchased city-owned land east of the hotel in order to build an event center. The project will cost an estimated $5 million , according to city ocials. The economic development agreement also authorizes a $2.65 million loan for project improvements, which must be paid back in full within four years. Per the agreement, the city would have ve days annually to utilize the event center. The hotel will also receive 75% of the hotel
Old Settlers play area gets $1.87M upgrade Round Rock City Council approved Feb. 27 the purchase of a new playscape at Joanne Land Playground at Old Settlers Park. The gist At a cost of $1.87 million, the custom-de- signed structure is two to three times larger than the previous playground, and also includes built-in LED lighting.
WilCo approves Spaceport Development Corporation Williamson County commissioners approved the creation of the Central Texas Spaceport Develop- ment Corporation at a March 11 meeting. Two-minute impact The SDC is a partnership with Burnet County and will serve as the sixth SDC in Texas. An SDC is a public, private or public-private “This costs the county nothing, and it will have a signi cant, positive nancial bene t for our county and for jobs and make us more competitive
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Future event center
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Ruby Hotel
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PECAN AVE.
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in this space for years to come.” ARTHUR JACKSON, CEDAR PARK CHIEF ECONOMIC DEVELOPMENT OFFICER
KoMiCo Technologies awarded $2M grant KoMiCo, a semiconductor parts cleaning and coating company with its U.S. headquar- ters in Round Rock, received a $2 million grant from the state of Texas in March. What you need to know Per a March 7 release from Texas Gov. Greg Abbott’s oce, the grant is part of an incentive program to encourage semicon- ductor research, design and manufacturing in Texas.
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partnership that develops, manages and operates a spaceport, said Arthur Jackson, chief economic development ocer for Cedar Park. Spaceports are specialized launch and landing facilities for spacecraft, rockets and satellites, he said. While an SDC has six key functions, Jackson said Williamson and Burnet counties will focus on: • Infrastructure and economic development • Partnerships and funding • Innovation and workforce development Who it’s for Firey Aerospace in Cedar Park is the rst
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commercial company to successfully land on the moon March 2. Its testing facility is in Burnet County. Through the SDC, Commissioner Cynthia Long said both counties are prepared to attract synergistic companies to join Firey Aerospace. What to expect Jackson said the remaining steps for the SDC to form include appointing a seven-member board and receiving approval from Williamson County and Burnet County commissioners courts.
occupancy and property tax it and the special events site generate as an economic incentive, through 2029. What else? As part of the agreement, the hotel owners will sell back a portion of the land to the city so it can build a bridge landing, connecting the area across the Brushy Creek to downtown.
The new playground equipment was installed in February.
COURTESY CITY OF ROUND ROCK
ROUND ROCK 201 University Oaks Blvd (512) 341-9066 CEDAR PARK 13530 Ronald Reagan Blvd (512) 986-7681
GEORGETOWN 1013 W University Ave (512) 868-6696
PFLUGERVILLE 19000 Limestone Commercial Dr (512) 953-4070
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