CS Medical District Proposal Headed to City CouncilFeatured Stories, News Monday, October 8th, 2012
Thursday night’s College Station City Council meeting includes consideration of the next step towards creation of a multimillion dollar medical district.
The planning and zoning commission recently gave its unaminous support to designate the area, generally along Rock Prairie Road from College Station Medical Center past the new Scott and White Hospital then south along both sides of the freeway.
In addition to the hospitals, the 1,700 acre district includes walkable village centers, commercial space, a variety of residential living, and an extensive linked network of trails and open spaces.
Planning and Development Director Bob Cowell says private investment over the next 15 to 20 years can total more than $400 million dollars.
Cowell says property owners will be paying back much of the $60 million dollars the city will invest in infrastructure including streets and utility lines.
If the council approves the master plan, that would led to developing a Tax Increment Financing Zone (TIRZ) and pre-filing proposed state legislation to create a Municipal Management District (MMD) that would supplement city services.
BobCowell1004121.mp3Bob Cowell visits with WTAW’s Bill Oliver.
Short URL: http://wtaw.com/?p=49439