ECONOMIC IMPACT Since its inception in 1999—the same year development began in Valley Ranch—the East Montgomery County Improvement District’s sales tax revenue has increased by more than 1,000%, nearly doubling since 2018.
located within Valley Ranch’s entertainment district. The $108 million center will feature a 55,000-square- foot ballroom and exhibit hall that can hold more than 6,000 people as well as nearly 20,000 square feet of meeting space. EMCID President and CEO Frank McCrady said the district’s board selected Valley Ranch for its conference center due to its ease of access with nearby major corridors like the Grand Parkway and Hwy. 59 as well its surrounding amenities. “We just see that being in the middle of Valley Ranch is the right investment,” McCrady said. In a Feb. 22 interview, McCrady said the project is out for bid, and the board would be receiving qualications from builders within the next 30-60 days. Once the board selects a rm, it will issue bonds, and construction will begin with the project slated to open within the next 1.5-2 years. McCrady said the board is also in negotiations with a potential conference center hotel, although no other details could be shared as of press time. The bigger picture Outside of commercial development, Valley Ranch welcomed The Gregory Apartments in October in Valley Ranch Marketplace. The 269-unit apartment complex joins The Pointe at Valley Ranch Town Center—a 456-unit apartment complex—and nearly 1,500 single-family homes in Valley Ranch’s residential district. In addition to residential growth, Linabury said he expects development to occur within the wellness district soon, although he did not specify a timeframe.
EMCID SALES TAX REVENUE
$19.5M
2017: Voters approve the legalization of the sale of alcohol in Valley Ranch.
2022: Grand Parkway segments open between Hwy. 59 in New Caney and I-10 in Baytown.
$20M
$15M
$10M
$1.7M
$5M
0
*PROJECTED SOURCES: EAST MONTGOMERY COUNTY IMPROVEMENT DISTRICT, TEXAS DEPARTMENT OF TRANSPORTATIONCOMMUNITY IMPACT 1999 2002 2005 2008 2011 2014 2017 2020 2023*
create that ability to move trac.” While League said The Signorelli Co. does not have a set timeline for when build-out of Valley Ranch will be completed, she said the developer is committed to bringing in thoughtful commercial and residential oerings to meet the needs of New Caney residents. “This could just be a truck stop or another shopping center,” Linabury said. “We are not a city; we’re just unincorporated area. So to have developers who truly care and have a long-term vision is crucial.”
“We’re underserved right now if you were to do a ratio analysis of residents compared to health care providers,” Linabury said. Likewise, McCrady said with the community’s recent growth in residential and retail oerings, oce space in the commerce district could follow. League noted The Signorelli Co. has also recently developed more than half a mile of roadways within Valley Ranch to help increase mobility with the extensions of both Valley Ranch Boulevard and Valley Ranch Bend. “We are the No. 3 most-visited open-air shopping center in Houston,” she said. “We have 7 million visitors annually, so it’s that much more important to
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LAKE HOUSTON HUMBLE KINGWOOD EDITION • MARCH 2023
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