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August 8, 2018 Comments Off on Potential TIF on Tap for Kyle Views: 3008 Austin, Texas News

Potential TIF on Tap for Kyle

Travis Mitchell, mayor of Kyle, TX, has indicated that the city council will soon receive a proposal to create a second tax increment financing – TIF – district to help spur development of the 132-acre Uptown Kyle. Uptown Kyle is a planned mixed-use project, which is part of the master-planned community Plum Creek Phase 2 project at Farm-to-Market Roads 1626 and 2770.

The vision for Uptown Kyle is that of a project that would offer restaurants, retail and destination retail, and Class A office space. Mitchell told the Hays Free Press that such a development is necessary to boost Kyle, a south suburb of Austin, from its current status as a “bedroom” community.

“We are pursuing a development that will elevate the trajectory of Kyle forever,” Mitchell told the Hays Free Press. “This is how we manage growth. My vision is to once and for all shed the stigma of a bedroom community lost in the sea of urban sprawl.”

Read More at Hays Free Press

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