Development
BY WESLEY GARDNER
Construction moves forward on EMCID convention center
Preparations to lay the foundation of the East Montgomery County Improvement District’s convention center in New Caney are nearing completion as construction continues on the $108 million project, EMCID President and CEO Frank McCrady said. McCrady noted o cials broke ground on the project in March. The roughly 210,000-square-foot venue will feature: • A 55,000-square-foot ballroom and exhibit hall • About 20,000 square feet of meeting space • Around 25,000 square feet of lobby space and outdoor courtyards. McCrady said work crews should be ready to pour the facility’s foundation in late May. “This is a column-free building—no obstructions— which will be nice for future events,” said Kelley Mattlage, EMCID’s vice president and chief communications o cer.
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Located in Valley Ranch’s entertainment district, foundation preparations are underway for the East Montgomery County Improvement District’s convention center. COURTESY EAST MONTGOMERY COUNTY IMPROVEMENT DISTRICT
What’s next
The impact
According to a 2021 economic analysis report, the project is expected to generate the following returns within the district over a 30-year period:
McCrady said the project represents a signif- icant investment into the growth of East Mont- gomery County. In November, EMCID’s board of directors approved a resolution authorizing the issuance of $159 million in sales tax revenue bonds to cover the cost of the convention center as well as an 813-space attached parking garage. Mattlage said the $159 million secured for the project includes potential contingency costs.
McCrady said construction on the project is expected to take around 18 months to complete, noting o cials are aiming to open the convention center in the fall of 2026. “We should be at the top of the list for major employment relocations, and this investment will certainly help move the needle,” McCrady said.
$1.73 billion in spending at area businesses $35.1 million in sales, hotel and venue tax revenue to the district
$775 million in new earnings by area businesses
500 direct and indirect full-time equivalent jobs More than
SOURCE: HUNDEN STRATEGIC PARTNERS COMMUNITY IMPACT
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