Dear Colleagues, Partners and Friends,
We have some exciting news to share regarding future development in the City of Rowlett. The Rowlett City Council recently approved the establishment of Tax Increment Reinvestment Zone (TIRZ) #4 in the North Shore District in the City of Rowlett, Texas.
The Jackson Shaw Lakeview Business District, the first development approved to utilize TIRZ #4, will bring $165 million of investment to North Shore with 1.6 million square feet of light industrial and warehouse space.
In addition, up to fifty percent of the increment in property taxes can be utilized to assist developers and the City with public infrastructure projects, further enabling the transformational change we anticipate to occur in North Shore.
The TIRZ lays an impressive foundation creating tremendous opportunities for further attraction of business and industry to North Shore, generating economic growth and jobs in Rowlett and for the regional workforce.
I'm excited to share this news with you and encourage you to read on for more details.
Best regards,
Libbey
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