[00:00:01]
TO DO HERE.LOOKS, LOOK, WE'RE ONLY TWO MEMBERS DOWN, SO WE HAVE IT FORMED.
[ CITY OF BAYTOWN NOTICE OF MEETING NOTICE OF JOINT BOARD OF DIRECTORS MEETING OF THE BAYTOWN REDEVELOPMENT AUTHORITY, TAX INCREMENT REINVESTMENT ZONE NUMBER ONE AND TAX INCREMENT REINVESTMENT ZONE NUMBER TWO CITY OF BAYTOWN, TEXAS TUESDAY, MARCH 3, 2026 4:00 P.M. BAYTOWN CONFERENCE ROOM, CITY HALL 2401 MARKET STREET, BAYTOWN, TEXAS 77520 AGENDA CALL TO ORDER AND ANNOUNCEMENT OF QUORUM ]
CALL THIS MEETING IN ORDER.JOINT MEETING OF THE BOARD OF DIRECTORS FOR THE BAYTOWN REDEVELOPMENT AUTHORITY AND TAX MENT ZONE NUMBER ONE AND TAX SAN ZONE NUMBER TWO FOR THE CITY OF BAYTOWN.
THIS MEETING FOR THE, UH, MARCH THE THIRD.
AND FIRST ORDER OF BUSINESS IS CITIZEN COM.
COMMENTS? DO WE HAVE ANY AT THIS POINT, WE HAVE NO COMMENTS.
[2. MINUTES]
TO MINUTES FROM THE JANUARY 13TH, 2026 JOINT MEETING AND CONSIDER APPROVAL OF THE MINUTES FROM THAT MEETING.EVERYONE'S HAD AN OPPORTUNITY TO, UH, REVIEW THEM.
ANY COMMENTS? ALL THOSE IN FAVOR? AYE.
[a. Receive and discuss an update from Community Development Strategies (CDS) regarding the TIRZ Market and Feasibility Analysis.]
ITEM NUMBER THREE, DISCUSS, UH, RECEIVED UPDATE FROM THE COMMUNITY DEVELOPMENT STRATEGIES.BRIAN, AND GOOD AFTERNOON, UH, MR. CHAIRMAN AND BOARD OF DIRECTORS.
UH, THIS AFTERNOON WE HAVE A, A BRIEF UPDATE, UH, FROM MR. TY JACOBSON, WHO'S WITH CDS, UM, WHO IS THE LEAD, UH, CONSULTANT FOR OUR MARKET IN FEASIBILITY ANALYSIS, UH, THAT THEY'RE COMPLETING ON, ON BEHALF OF THE REDEVELOPMENT AUTHORITY, UM, EXAMINING BOTH, UH, TUR ZONES.
SO, WITH THAT, DO YOU WANT ME TO JUST, I'LL GIVE THE UPDATE VERBALLY ON, YEAH.
SO I PREPARED SOME SLIDES, BUT THEY REALLY ARE JUST, UH, YOU KNOW, AN EXCUSE FOR ME NOT TO TALK, UH, AS MUCH PERHAPS.
SO I'M GONNA GO, I'M GONNA, I'M GONNA PULL 'EM UP HERE ON MY PHONE TO MAKE SURE THAT I DON'T FORGET ANYTHING, UM, ABOUT WHERE WE ARE, UH, ON THIS.
BUT, UH, I WANTED TO GIVE YOU A BRIEF UPDATE ON WHERE WE'D GONE.
I DO HAVE SLIDES PRINTED AS WELL.
I WAS GONNA SAY, THESE ARE SLIDES THAT WE'VE GOT AT OUR PLACES, JUST IN CASE.
OH, OH, YOU GOTTA PRINT ACTUALLY.
I THINK I WAS THINKING THEY WOULD BE ON THE SCREEN.
SO I DIDN'T, I DIDN'T PRINT OUT MY OWN COPY, BUT YEAH, THAT'S, THAT'S THE BASICS OF WHAT THEY WERE.
SO I JUST, I WANTED TO GIVE A BRIEF UPDATE ON WHERE WE ARE HERE ON THIS STUDY.
UH, SOME OF THE TASKS COMPLETED, UH, WE'VE COMPLETED OUR DEMOGRAPHIC ANALYSIS ON BAYTOWN AND ARE WORKING THAT INTO, UH, OUR FINDINGS.
UH, THE YOUTH SPORTS MARKET IMPACT ASPECT OF THE STUDY, UH, HAS BEEN COMPLETED.
THAT WAS, UH, OUR PARTNERS AT JOHN STOVER AND ASSOCIATES.
UH, THAT WAS, UH, THAT WAS ONE OF THEIR TASKS.
AND SO THEY'VE COMPLETED THAT.
UH, AND WE'RE WORKING THAT, OF COURSE, INTO OUR REPORT.
OUR, OUR STAKEHOLDER AND, UH, REAL ESTATE, UH, INTERVIEWS.
WE'VE COMPLETED, UH, ALL OF THOSE, UH, WITH THE, THE, THE FOLKS WHO WERE ON THE STAKEHOLDER COMMITTEE THAT WERE, UH, THAT WE NEEDED TO MEET WITH.
AND WE HAD A BROADER MEETING WITH THEM.
AND THEN WE MET WITH, UH, SOME MORE FOLKS WITH THAT INDIVIDUALLY AFTER.
AND THEN OF COURSE, SOME AREA REAL ESTATE PROFESSIONALS.
UH, SO THAT'S WHAT WE'VE COMPLETED.
A LOT OF STUFF IS REALLY IN PROGRESS, BUT THAT'S, THAT'S, THAT'S, UH, MOVING TOWARDS THE THINGS THAT WE HAVE IN PROGRESS, UH, INCORPORATING THESE, THESE ELEMENTS INTO THOSE.
UH, SO WHAT WE'RE DOING NOW, AND A LOT OF THIS HAS SORT OF BEEN, IT'S BEEN DONE, BUT IT'S NOT COMPLETE.
UM, IT'S BEEN, IT'S PRETTY CLOSE TO BEING COMPLETE REAL ESTATE MARKET ANALYSIS, UH, PARTICULARLY, YOU KNOW, COMMERCIAL, UH, PROPERTY, UH, ANALYSIS, BUT ALSO, YOU KNOW, THE HOUSING ANALYSIS AS WELL.
UH, THE DEMAND ANALYSIS THAT'S PRODUCED FROM THAT.
UH, WE ARE WORKING ON THAT NOW.
AND SO THAT THOSE TWO REALLY GO HAND IN HAND.
UM, THE IDENTIFICATION OF POTENTIAL NUTURA PROJECTS, UH, THAT'S SOMETHING THAT WE'RE WORKING CLOSELY WITH JOHN STOVER AND ASSOCIATES ON.
UH, BUT THEY, THEY OBVIOUSLY, THEY NEED THOSE FIRST TWO ELEMENTS OF THAT, UH, TO BE COMPLETE BEFORE WE KINDA CAN COMPLETE THAT.
WE'VE GOT SOME, I THINK WE'VE GOT SOME GOOD IDEAS.
UM, AND THEN THE UHT REVENUE PROJECTIONS, UH, I'VE BEEN ABLE TO, UM, UH, GET THAT STARTED.
AND I EXPECT TO REALLY DIVE INTO THAT HERE IN THE NEXT COUPLE OF WEEKS.
UH, THE TASKS THAT REALLY HAVEN'T BEEN STARTED TO, TO BE COMPLETED AND THAT WE EXPECT TO COMPLETE HERE IN THE NEXT, UH, MONTH, MONTH AND A HALF KIND OF TIMEFRAME, UH, THE PUBLIC PARTNERSHIP STRATEGY, WHICH IS, UM, THAT'S GOING TO, UH, TAKING THE WORK THAT WE'VE DONE SO FAR.
AND THEN, UM, THAT'S, UH, THAT'S, UH, JOHN STOVER AND ASSOCIATES, UH, SECTION OF THIS STUDY, UH, THE FISCAL ECONOMIC COMMUNITY IMPACT RETURN ON INVESTMENT ASSESSMENT, UH, WHERE WE WILL WORK WITH STOVER ON THAT.
AND THEN OF COURSE, THE, UM, THE PROJECT IN FINANCING, UH, PLAN ELEMENT OF THAT.
SO I DID TELL YOU WHERE OUR PROGRESS IS, UM, AND, UH, WHERE I THINK WE EXPECTED TO GO HERE, UH, IN THE NEXT, LIKE I SAID, IN THE NEXT
[00:05:02]
COUPLE MONTHS, REALLY.SO I'M CURIOUS THE, UH, ON THIS YOUTH SPORTS MARKET IMPACT THAT Y'ALL HAVE COMPLETED.
UM, IS THIS PRIMARILY THE IMPACT TO THE TURS AREA FROM THE, UH, UH, EXON ARENA PROJECT, OR IS THIS ALL USED SPORTS INCLUDING THE, UH, SOFTBALL COMPLEX AND, UH, WE'RE LOOKING AT A BROADER AREA, BUT I BELIEVE THE, THE FOCUS IS REALLY TO LOOK AT, UM, THE, THE EXXON ARENA AREA, UH, OR THE, THE AIM OF WHAT, WHAT WE'RE DOING.
IT'S SORT OF, IT'S NOT EXCLUSIVE TO THAT AREA, BUT THAT'S KIND OF THE THRUST OF WHAT WE WANT TO CONSIDER, UM, UH, THE YOUTH SPORTS IMPACT AS REGARDS TO, UM, ITS IMPACT ON THE TOUR.
AND THAT, WOULD I IMPACT, UM, IMPACT, I CAN SEE IT IMPACTING HOTEL MOTEL, BUT YES.
UH, AND, AND THAT'S PRIMARILY WHAT YOU'RE LOOKING AT, THE IMPACT ON SALES, TAX REVENUE, AND SUCH AS THAT? THAT'S, THAT'S A BIG PART OF IT, YES.
AND I THINK JUST THE BROADER IMPACT ON, UH, NOT JUST THOSE REVENUES, BUT WHAT KIND OF DEVELOPMENT IT CAN DRIVE WITHIN THE TERRA BOUNDARIES, PARTICULARLY T TWO, UH, AND, YOU KNOW, WHAT KIND OF INCREMENT THAT CAN GENERATE, RIGHT? IF YOU DRIVE NEW DEVELOPMENT, YOU GET INCREMENT BEYOND THAT.
SO, UM, THAT'S, THAT'S HOW IT'S GONNA FACTOR INTO, SAY, THE TS REVENUE PROJECTIONS IS IF WE EXPECT IT TO INCREASE VALUES OR EXPECT IT TO BRING A NEW TYPE OR ADDITIONAL DEVELOPMENT TO THE AREA THAT WILL ADD TO THAT INCREMENT.
WHAT, WHAT IF A PRIVATE DEVELOPER COMES IN AND JUST BUILD A HOTEL PAD, THAT'S NOT NECESSARILY GONNA GENERATE ANY TOURIST REVENUE, RIGHT? 'CAUSE IT'S NOT A, THERE'S NOT A STREET OR, OR WHAT WOULD, WHAT WOULD PART, THE PART OF IT BE TIFFANY OR BRIAN OR, YES, SIR.
BUT IF, IF SOMEONE ELSE CAME IN, SOME ANCILLARY DEVELOPMENT FROM, FROM
SO WHEN WE LOOK AT, FOR TUR TWO, ESPECIALLY TUR TWO IS VERY BIG, AND, YOU KNOW, NOT ALL CONTINGENT LAND OR, UM, ADJACENT LAND, THAT'S WHERE WE'RE LOOKING FOR ANY OF THE IMPROVED VALUE THAT WILL COME FROM IMPACT.
WHAT ARE THE ECONOMIC IMPACTS, WHETHER IT IS MORE FEET ON THE STREETS, WHETHER IT IS HOTEL PADS, RETAIL PADS, UM, WE ARE LOOKING TO, OF COURSE, UM, ADD IN THE BASEBALL FIELDS AND ALL THAT WILL BECOME PART OF THE BIGGER PROGRAM.
SO ALL THOSE THINGS WILL BE LOOKED AT AS PART OF THE IMPACT.
AND WHAT WE'VE ASKED THEM TO DO IS GO THROUGH AND SEE WHAT OPPORTUNITIES DO WE HAVE, WHAT TYPE OF IMPACT ARE WE BRINGING FORT TO AND FOR THIS AREA.
SEE, WE'RE NOT TALKING ABOUT PEOPLE BUILDING STREETS, WE'RE JUST TALKING ABOUT MONEY GOING INTO THE TUR YES.
BANK ACCOUNT, BASICALLY THE TREASURER.
BUT WHAT'S GOING INTO THE TURS BEFORE IT GETS YEAH.
TAKING OUT FOR, UH, A TOUR SPECIFIC PROJECT, ACTUAL PUBLIC PROJECT.
SO THE INFRASTRUCTURE WE'RE THINKING ABOUT, I GUESS THEY'RE ASKING ABOUT IS GOING TO BE WHAT WE WILL BE ABLE TO USE OUR INCREMENT FOR IS THOSE INFRASTRUCTURE IMPROVEMENTS, UM, FOR, AND SPECIFICALLY FOR VAC TRAFFIC IMPROVEMENTS AND THAT KIND OF THING.
WE'D BE ABLE TO USE THE INCREMENT.
AND, AND, AND, AND ONE OF THE KEY, UM, KEY ELEMENTS THAT TIE IN AND HIS TEAM ARE, ARE EXAMINING IS, IS PUTTING TOGETHER A, A SCHEDULE AND RECOMMENDATION OF, UM, FOR, FOR BOTH ZONES THAT LOOKING AT, YOU KNOW, WHAT ARE, YOU KNOW, SOME OF THOSE INFRASTRUCTURE PROJECTS, UM, THAT YOU ALL AS THE, AS THE BOARD COULD CONSIDER AND RECOMMEND, UM, FOR, FOR FUNDING USING THE, THE INCREMENT THAT'S GONNA BE GENERATED.
THESE ARE PROJECTS THAT ARE ALREADY IN THE CIP, RIGHT? UH, SOME OF THESE PROJECTS COULD BE WITHIN THE CIP, THEY COULD BE NEWLY IDENTIFIED, UM, PROJECTS THAT WE'RE NOT, YOU KNOW, YET AWARE OF.
UM, IT COULD COME FROM, YOU KNOW, DIFFERENT STUDIES.
UM, YOU KNOW, ANYTHING THAT MIGHT BE INCLUDED IN THE COMP PLAN OR DOWNTOWN ARTS DISTRICT PLAN OR, UM, E ECONOMIC PROSPERITY ROADMAP, UM, THOSE COULD ALL BE CONSIDERED AS WELL.
OR IF THERE'S, UM, YOU KNOW, PROJECT THAT, THAT THEY WILL IDENTIFY, UM, THAT WE HAVE NOT CONSIDERED AS WELL.
FOR THE POTENTIAL NEW TOURIST PROJECTS, HAS THE CITY'S ECONOMIC DEVELOPMENT GROUP BEEN ENGAGED IN, IN THAT DISCUSSION OR THAT, SO AT THIS TIME, WE'RE STILL WAITING ON THE, YOU KNOW, PART OF THE, THAT ANALYSIS FROM THE, THE MARKET STUDY IS GONNA HELP DETERMINE WHAT, WHAT THOSE SPECIFIC PROJECTS ARE GONNA INCLUDE.
AND WHEN DO Y'ALL ANTICIPATE BEING DONE IN PRESENTING IT TO COUNCIL?
[00:10:05]
OH, I WOULD HOPE SUMMER.I MEAN, FOR MY PROFESSIONAL PRIDE, I HOPE.
BUT FIRST, BUT FIRST, ANY, ANY RECOMMENDATIONS, UM, THAT WOULD FIRST COME BEFORE, BEFORE THIS BOARD AND WORKING WITH YOU ALL ON, YOU KNOW, PROVIDING THAT, UH, RECOMMENDATION, YOU KNOW, TO COUNCIL, BECAUSE WHAT WILL, UH, END UP HAPPENING IS, IS MAKING THAT, UH, AMENDMENT TO BOTH PROJECT AND FINANCING PLANS FOR, FOR BOTH ZONES.
CAN YOU EXPAND A LITTLE BIT MORE ON THE STAKEHOLDER INTERVIEWS THAT, UH, HAS BEEN COMPLETED? YEAH.
SO WE HAD A BIG, IT WAS BACK IN DECEMBER, RIGHT? UH, WE HAD A BIG MEETING WITH A HOST OF STAKEHOLDERS.
UM, UH, THE FOLKS FROM JOHN STOVER ASSOCIATES ARE IN THERE.
THEY'RE OUTTA WASHINGTON, DC SO THEY CAME IN, UH, AND, UH, WE HAD, UH, WE HAD A LARGE MEETING WITH EVERYBODY TOGETHER.
WE BROKE OFF INTO THREE, UH, GROUPS BASED ON SORT OF DIFFERENT CATEGORIES.
STAKEHOLDERS, UH, FELL INTO, YOU KNOW, IF THEY WERE, UH, YOU KNOW, I THINK AS LOCAL GOVERNMENT AND GOVERNMENT OFFICIALS, THERE WERE, UM, UH, PEOPLE INVOLVED IN DEVELOPMENT AND REAL ESTATE.
AND THAT'S WHO I MET WITH INDIVIDUALLY.
I'M TRYING TO REMEMBER THE THIRD GROUP.
I BELIEVE IT'S LIKE SMALL, MORE LIKE SMALL BUSINESS, LOCAL BUSINESS.
AND, UH, SO OBVIOUSLY WE HAD EVERYBODY TOGETHER, UH, FOR A LOT.
BUT, YOU KNOW, IT WAS, WAS IT 30 SOMETHING FOLKS? AND THEN WE HAD THESE SMALLER GROUPS THAT WERE, YOU KNOW, 10 OR SO A PIECE, UH, ROUGHLY.
AND, UH, WE GOT A LOT OF GOOD INFORMATION FROM THAT.
UH, WE FOLLOWED UP, UM, WITH, UH, A NUMBER OF PEOPLE OUT OF THOSE GROUPS AND WITH SOME OTHER FOLKS THAT WE THOUGHT WOULD BE ABLE TO GIVE US SOME INSIGHT ON, UM, UH, ON THE, UH, REAL ESTATE MARKET AND ON THE POTENTIAL FOR DEVELOPMENT WITHIN THE TUR, BOTH THE HERS.
UH, SO WE FOLLOWED UP WITH, UH, WITH A NUMBER OF FOLKS THAT WERE BOTH ON THE STAKEHOLDER COMMITTEE AND IN OTHER, UM, UH, AND IN JUST IN GENERAL, WHO ARE INVOLVED IN THE REAL ESTATE MARKET HERE.
UH, AND GOT SOME, UM, I THINK SOME GOOD, UH, INFORMATION ABOUT THE MARKET FEASIBILITY OF PARTICULARLY COMMERCIAL DEVELOPMENT WITHIN THE TERMS BOUNDARIES.
AND, UH, I THINK WE'RE LOOKING AT TAKING THAT INFORMATION AND UNDERSTANDING WHAT THE MARKET SAYS IS PRESENTLY FEASIBLE, UNDERSTANDING WHAT YOU ALL WANT OUT OF THESE AREAS AS WELL, UH, AND FINDING A WAY TO MAKE THE, MAKE SURE THAT THOSE THINGS WORK TOGETHER.
AND TY, DO YOU HAVE, YOU'RE GONNA BE PLANNING SOME MORE, UH, STAKEHOLDER MEETINGS IN THE NEXT COUPLE OF WEEKS? YES.
SO WHEN I SAID THEY WERE DONE, UH, THE, WHAT I THINK WE INITIALLY HAD PLANNED WAS DONE.
UH, BUT I THINK WE, AFTER REVIEWING WHAT WE HAD DONE, WE WANT TO MEET WITH, UM, MEMBERS OF COUNCIL, UM, PROBABLY ON AN, YOU KNOW, INDIVIDUAL BASIS TO, UH, BECAUSE, YOU KNOW, WE GOT, WE GOT THAT MARKET PERSPECTIVE.
AND I THINK WE ALL, WE ALL, WE ALL MY BUSINESS IS DEALING WITH DEVELOPERS.
SO, UH, DEVELOPERS GONNA TELL YOU GENERALLY WHAT THEY WANT, WHAT THEY THINK WORKS AND WHAT THEY THINK WORKS NOW.
AND THAT'S A LITTLE DIFFERENT MAYBE THAN THE VISION THAT A CITY HAS.
AND YOU KNOW, THIS IS, THIS IS PROPERTY THAT'S WITHIN, YOU KNOW, Y'ALL'S LAND USE CONTROL.
SO WE SEE, SO WE KNOW WHAT THE MARKET HAS TO SAY, WHAT DOES THE CITY WANT? WHAT DOES THE CITY WANNA SEE? AND WHAT'S THE CITY'S VISION FOR THIS AREA? AND, UM, TRY TO FIND, MAKE SURE THAT WE FIND A WAY THAT THOSE THINGS WORK TOGETHER, BECAUSE YOU CAN'T, YOU KNOW, YOU, THE MARKET, IF YOU'RE TRYING TO DO SOMETHING COMMERCIAL DEVELOPMENT AND PUTTING, UH, YOU KNOW, ADDITIONAL VALUE ON THE GROUND, SO YOU HAVE AN INCREMENT WITHIN A TOURS, YOU, YOU DO HAVE TO LISTEN TO THE MARKET, BUT YOU DON'T HAVE TO BE, UM, UH, COMPLETELY SUBSERVIENT TO WHAT THE MARKET WANTS IF IT DOESN'T ALIGN WITH YOUR VISION FOR THE CITY.
SO I THINK WE WANT TO HAVE PROBABLY A BETTER UNDERSTANDING OF THE CITY'S VISION FOR ITSELF AS WE MAKE THESE RECOMMENDATIONS.
SO YEAH, WE'D LIKE TO DO SOME ADDITIONAL MEETINGS TO THAT END.
AND ALSO, UH, THIS BOARD DOES HAVE THE OPPORTUNITY TO, UH, TO MEET WITH TY AS WELL, UM, INDIVIDUALLY TO SPEAK ABOUT, UM, YOU KNOW, IF YOU DO HAVE ANY, ANY FURTHER ADDITIONAL QUESTIONS OR COMMENTS, UH, YOU KNOW, THAT YOU ALL WANT TO PROVIDE, UH, AS WELL.
AND I'M NOT IN WASHINGTON DC SO I CAN COME MEET WITH Y'ALL, RIGHT? I, I'M, I'M JUST OVER ON THE WEST END OF HOUSTON, SO IT'S, I HAVE TO, I DO HAVE TO DEAL WITH I 10 THROUGH DOWNTOWN, BUT
[00:15:01]
OH, COOL.OKAY, GINA, WE'LL HAVE TO, WE'LL HAVE TO ADDRESS YOUR QUESTION.
UM, IF YOU COULD SEND THAT TO ME, WE'LL MAKE SURE IT GETS, IT GETS ANSWERED.
I GUESS MY QUE ONE MORE QUICK QUESTION.
IS PART OF THIS STUDY, DID YOU HAVE, UH, ARE Y'ALL IDENTIFYING DEVELOPABLE TRACKS WITHIN THE TURS, UH, IN THAT AREA? I MEAN, IT, IT'S, IT'S CHALLENGED AS FAR AS VACANT LAND FOR DEVELOPMENT, UH, DOWN WHERE THE EXXON CENTER'S GOING.
AND I'M ASSUMING THAT Y'ALL ARE BEATING THE BUSHES, FINDING, FINDING LAND WE CAN CAN POINT TO FOR MULTI-FAMILY RESTAURANTS AND, OR NOT MULTI-FAMILY, BUT HOTELS, RESTAURANTS, ET CETERA.
SO WE, WE ARE DOING A, A PARCEL LEVEL OF LAND USE ANALYSIS OF, YOU KNOW, WHAT'S DEVELOPABLE, UM, YOU KNOW, WHAT, WHAT'S OBVIOUSLY BEEN BUILT ON WHAT PERHAPS HAS REDEVELOPMENT POTENTIAL.
UM, I THINK THERE'S PROBABLY AT LEAST SOME ELEMENT OF THAT, ESPECIALLY AS YOU GO A LITTLE BIT FURTHER INTO THE FUTURE, UH, AS WE SEE, UM, THINGS DEVELOP WITH, UM, THE ARENA AND WITH, UH, SOME OTHER THINGS THAT WE THINK WE EXPECT WILL HAPPEN IN THE NEAR FUTURE, WITHIN THE, UH, THE BOUNDARIES OF THE TOURS, THAT THERE MAY BE OPPORTUNITY FOR, UH, EXISTING PROPERTY TO BE REDEVELOPED, WHETHER THAT'S HEAVILY RENOVATED OR PERHAPS CONVERTED TO A NEW USE WITHIN THE EXISTING STRUCTURE, OR A STRUCTURE BEING, UH, RAISED AND TURNED INTO SOMETHING NEW.
UM, BUT WE WILL LOOK AT, UH, THE POTENTIAL FOR THAT AS WELL AS THE VACANT TRACKS THAT ARE AVAILABLE FOR DEVELOPMENT.
SO, BUT YEAH, WE'RE DOING THIS PARCEL PAR, WE'RE DOING THIS PARCEL BY PARCEL, WHICH WE, WE HAVE TO DO ONE TO PROJECT THE, THE REVENUE BECAUSE WE HAVE TO LOOK AT INDIVIDUAL PARCELS AND WHAT THEIR VALUATION IS AND WHETHER THEY'RE, WHETHER THEY'RE TAXABLE FRANKLY OR NOT.
IN SOME CASES THEY'RE, THEY'RE OWNED BY NONPROFITS OR THE, THE GOVERNMENT, RIGHT.
UM, BUT, UH, YES, WE WILL, WE WILL IDENTIFY, UH, GOOD TRACKS FOR THAT.
GOING BACK TO THE EXXON CENTER, IS, IS ANY OF THIS THAT YOU'RE DOING USEFUL FOR EVALUATING OR REEVALUATING THE SIDING OF, OF THE CURRENT, THE CURRENT SIDING OF THE, UH, THE CENTER? I'LL STEP YEAH.
SO, UM, IT, IT'LL BE USED, YOU KNOW, IN CONNECTION.
UM, BUT, BUT THE DECISION WA WAS MADE PREVIOUSLY BEFORE THE, THE STUDY TOOK PLACE.
I MEAN, IS THERE ANY RECONSIDERATION BASED ON THE FINDINGS OF, OF THIS STUDY? THAT I'M NOT SURE.
RYAN, GINA HAD ASKED, UH, HER QUESTION WAS, SHE DIDN'T HEAR ABOUT WHEN THIS WAS GOING TO BE PRESENTED TO COUNCIL, AND IT'S GOING TO BE PRESENTED TO THIS BOARD BEFORE IT GOES TO COUNCIL, AND THAT'S SOMETIME SUMMER.
WAS THAT WHAT I WAS, WAS HEARING THAT THAT'S CORRECT, YES.
I WANTED TO GO BACK TO AVAILABLE LAND FOR DEVELOPMENT AND THE, UH, EXXON CENTER, CENTER VICINITY.
UM, THEY DON'T MAKE MORE LANDS, BUT THERE IS A LOT OF, UM, UH, DEVELOPABLE REDEVELOPMENT PROPERTIES AVAILABLE.
SOME, UM, IT'S AN AREA OF TOWN THAT NEEDS IT BADLY.
AND I BELIEVE THAT ANY INTERESTED, UH, DEVELOPER APPROACHING THE, UH, PROPERTY OWNERS, UM, UH, WITHIN THAT AREA, UH, WOULD BE THE RIGHT WAY TO GO.
UNLESS WE CAN CREATE NEW LAND
AND WHAT I, I MEAN, TALK ABOUT DOING, UH, SOME ANALYSIS OF REDEVELOPMENT POTENTIAL.
OBVIOUSLY YOU DON'T, YOU DON'T KNOW A TRACT IS RE DEVELOPABLE UNTIL SOMEBODY TRULY RIGHT.
UNTIL SOMEBODY'S ACTUALLY EXPRESSING INTEREST IN DOING IT.
BUT THERE'S SOME MARKERS THAT WE TEND TO SEE PROPERTIES THAT GET REDEVELOPED IN AN AREA, UH, GENERALLY HAVE SOME CHARACTERISTICS.
'CAUSE IF THEY'RE OLDER, THE STRUCTURE MAY BE NEARING THE END OF ITS USABLE LIFE.
AND IF THEY'RE LOW VALUE, THEY WILL OFTEN BE EASIER TO ACQUIRE.
BUT THOSE AREN'T THE ONLY FACTORS, UM, THAT CAN DRIVE THAT.
BUT YOU WANNA LOOK FOR, IF YOU'RE LOOKING FOR OPPORTUNITIES, UM, YOU KNOW, AND IT'S ALWAYS HARD TO SIT HERE AND
[00:20:01]
SAY, THIS PIECE OF PROPERTY IS RE DEVELOPABLE BECAUSE THE OWNER MAY NOT APPRECIATE THAT.SO WE KIND OF WANNA
BUT WHEN WE ARE LOOKING AT PARCELS THAT HAVE THAT POTENTIAL, WE ARE GOING TO IDENTIFY THEM AS SOMETHING WHERE THAT, THAT COULD BE CONSIDERED, IF NOT STRONGLY CONSIDERED, IF YOU HAVE SOMEBODY LOOKING FOR PROPERTY IN THAT AREA, UH, THAT IS NOT VACANT, BUT THEY'RE INTERESTED IN REDEVELOPMENT, UH, THAT THEY CAN, THEY CAN, UH, PROBABLY BE ABLE TO ACQUIRE OR PERHAPS ASSEMBLE A NUMBER OF PROPERTIES, UH, THAT FIT, UH, CRITERIA THAT MAKE FINANCIAL SENSE FOR THEM.
THE, THE ANGLE THAT I WAS TRYING TO, UM, UM, SUGGEST IS WITH THE NEW FACILITY BEING BUILT AND, UH, AND THE DIRECTOR, UM, UH, THE FORMER MAYOR, UH, DID, UM, RAISE A QUESTION IF THERE ARE DEVELOPABLE LAND AROUND, AND I BELIEVE WITH THE NEW STRUCTURE, UM, ANY DEVELOPER WITH A VISION, RIGHT.
FIRST OF ALL, THE STRUCTURE WOULD, UH, WOULD, UH, ENCOURAGE, RIGHT.
AND THEN WITH A DEVELOPER WITH A VISION, UM, CAN, AND ONCE AGAIN, BECAUSE YOU, YOU MENTIONED AGING PROPERTIES MM-HMM
AROUND THERE, THERE ARE QUITE A FEW.
SO THAT WILL SPUR, UM, THAT TYPE OF ACTIVITY.
AND THE WAY TO GET AROUND THE AVAILABILITY OF LAND IS TO APPROACH THE AGING PROPERTIES YES.
NO, I, WELL, THAT, AND THAT, THAT'S A BIG PART OF THE ANALYSIS.
AND I THINK ANOTHER ELEMENT OF THE ANALYSIS TOO IS WHAT WOULD DRIVE INTEREST IN REDEVELOPMENT IN PARTICULAR AREAS.
SO PROXIMITY TO THIS NEW FACILITY, UM, VERSUS THE OTHER ASPECTS OF, THERE'S PARTS OF CHURCH TWO THAT ARE NOT TERRIBLY CLOSE TO IT, AND THERE'S PARTS OF CHURCH TWO THAT ARE OF COURSE, RIGHT THERE.
AND SO PROXIMITY TO PLACES OF INTEREST, SUCH AS PROBABLY IN PARTICULAR, UH, THE, THE NEW ARENA AND THE NEW, THE NEW AREA, UH, WOULD, UM, ALSO I THINK ENHANCE THE INTEREST IN REDEVELOPMENT.
UH, BUT I, I THINK THAT WILL BE A BIG PART OF OUR ANALYSIS.
THE, THE, AND BRIAN, I, I'M ASSUMING THAT THE MARKET STREET REDEVELOPMENT IS GONNA FIGURE INTO THIS ALSO.
YOU KNOW, WE'VE LONG, OR I HAVE ANYWAY LONG THOUGHT THAT THE, UH, I GUESS IT WOULD BE THE, THE SOUTH SHORE, THE SOUTHERN, UH, STRIP ACROSS FROM LEE HIGH SCHOOL NEXT TO THE WATER.
THERE SEEMS ME TO BE A NO BRAINER FOR FUTURE DEVELOPMENT AS FAR AS, UH, RESTAURANTS OVERLOOKING WATER.
AND, UH, EVERYTHING IS, IS, I'M ASSUMING THAT'S PART OF THE, THE, THE HOPE WITH THE REDEVELOPMENT OF MARKET STREET, I MEAN IT, THE MARKET STREET REDEVELOPMENT IS GONNA GO ALL THE WAY DOWN TO THE FUTURE TRAFFIC CIRCLE OR MM-HMM
I THINK THERE'S, THERE SHOULD BE, I THINK THERE'S THREE, UH, TRAFFIC CIRCLES.
WHERE WOULD THAT, WHERE WOULD THAT START AT IN, SAY THE WETLANDS? NO, THAT, THAT PROJECT STARTS, UM, AT THE, THE OLD, ESSENTIALLY THE OLD BAYTOWN POST OFFICE.
AND IT'LL GO ALL THE WAY UP, UH, ESSENTIALLY TO WHERE MARKET AND, AND DECKER MEET RIGHT AT THE ENTRANCE OF LEE COLLEGE.
LEE COLLEGE TOO, DON'T YOU? MM-HMM
SO, BUT THE BIG ONES, THE ONE THAT WAS THERE IN THE FIFTIES IS RIGHT AT THE HEAD OF MARKET MM-HMM
DECKER AND MARK IT ALL COME TOGETHER.
SOMEBODY SENT ME AN ARTICLE OR WITH A PICTURE FROM THE 1950S SHOWING THE CIRCLE THAT THERE AND HERE WE, I THOUGHT WE HAD COME ACROSS AN ORIGINAL IDEA.
SEVENTIES ALREADY, ALREADY BEEN DONE.
ANY, ANY MORE COMMENTS, QUESTIONS? ALRIGHT.
YOU KNOW, AND THIS IS JUST A COMMENTARY THAT SEEMS A
[00:25:01]
LOT OF DECISIONS HAVE BEEN MADE, THEN WE'RE DOING THE ANALYSIS THAT THAT ISN'T REALLY, THERE'S PROBABLY A LOT OF ANALYSIS DECISIONS MADE, AND THEN WE'RE USING THIS ADDITIONAL ANALYSIS TO, TO IDENTIFY WHAT MULTIPLIER EFFECTS OR WHAT, WHAT KIND OF THINGS MIGHT BE POSSIBLE AS A RESULT OF THIS DEVELOPMENT THAT WE'RE PLANNING ON RIGHT NOW.I'M, I'M TRYING TO GET A, A CHRONOLOGY IN MY MIND OF HOW THESE THINGS KIND OF FLOWED.
ACTUALLY, I THINK, UM, I THINK CITY MANAGER REYNOLDS ACTUALLY WENT THROUGH, UM, THAT CHRON CHRONOLOGICALLY ORDER OF THE, THE CHAIN OF EVENTS THAT HAPPENED MAYBE I THINK TWO COUNCIL MEETINGS AGO.
SOMETHING INTERESTING TO, TO LOOK AT.
I, I WAS GONNA COMMENT, I THINK, UM, PART OF TO THIS, THE MARKET STUDY THAT TY THEM ARE DOING IS ACTUALLY PART OF THE REQUIREMENTS OF SETTING UP OUR TURS.
AND SO WE DIDN'T GO THROUGH THAT PROCESS WHEN SETTING UP TURS TWO.
AND AS WE STARTED WORKING WITH HARRIS COUNTY, THAT BECAME EVIDENT.
AND SO NOW WE'RE DOING THE MARKET STUDY AND THEN OBVIOUSLY WITH, UM, THE MARKETPLACE IN TURS ONE HAPPENING AND ALL THE DEVELOPMENT AND THE AGE OF TURS ONE, IT'S TIME TO LOOK AT THAT AGAIN.
WE HAVE ABOUT 200 ACRES IN TURS, ONE THAT IS JUST RIPE FOR DEVELOPMENT AND A MARKET STUDY'S GOING TO HELP US PUT, UM, I THINK PUSH THAT ALONG WITH THE PROPERTY OWNERS THAT ARE IN THAT AREA AND TO SEE ALL OF THE ADJACENT DEVELOPMENT.
SO IT'S A GOOD TIME TO REEVALUATE CHURCH TWO ANYWAY.
AND I MEAN, EXCUSE ME, CHURCH ONE.
AND THEN WITH CHURCH TWO, WE ACTUALLY HAVE, WE HAVE OUR BIG PUBLIC PROJECT THAT'S THERE IN CHURCH TWO THAT WILL IMPACT CHURCH TWO.
AND SO DOING THE, DOING THE MARKET STUDY RIGHT NOW FOR BOTH OF THEM, I THINK WE'RE AT, WE'RE AT A GOOD, GOOD TIMING.
I, I BELIEVE, UM, YOU KNOW, AND, AND TURS TWO ACTUALLY GOES AS YOU KNOW, ALONG 99.
WE'RE AT AN EXCELLENT TIME FOR THAT.
IF YOU'VE WATCHED 99 AROUND HOUSTON MM-HMM
ONCE IT'S OPEN AND YOU HAVE THOSE EXIT SETS, YOU ARE LOOKING AT DEVELOPMENT COMING.
SO, YOU KNOW, I THINK WE'RE IN GOOD TIMING FOR DOING, UH, THE MARKET STUDY FOR BOTH OF THE THET AREAS RIGHT NOW.
INTS ONE, A LOT OF THAT IS, YOU KNOW, SUCCESS IN THE FUTURE, REGARDLESS OF STUDIES ANALYSIS IS GOING TO DEPEND ON A THAW OF THE ATTITUDE OF PROPERTY OWNERS AND THOSE THAT CONTROL THE PROPERTY.
AND SO I'LL BE INTERESTED TO SEE HOW THAT EVOLUTION TRAVELS.
SO ARE WE
WE, WE DON'T KNOW, BUT, UH, IT'S PRETTY NEGLIGIBLE.
THEY, I MEAN, PREVIOUS INDIVIDUALS I'VE DEALT WITH SEEM TO BE, UH, UH, INCONSIDERATE OF ANY ANALYSIS, EMPIRICAL DATA AND POTENTIALITIES THAT MIGHT EXIST OUT THERE.
AND THEY, THEY SEEM TO HAVE A SEPARATE AGENDA THAT DOESN'T ALIGN WITH REALITY, OUR VISION.
HOW'S THAT FOR DIPLOMACY? THAT WAS VERY GOOD.
YOU SAID IT WITH YOUR TEETH CLENCHED.
WELL MY, YOU SAW MY FIST WAS CLENCHED.
TWO SEEMS LIKE IT'S A LOT MORE WIDE OPEN MM-HMM
AND ODDLY ENOUGH MORE BECAUSE WE PUT SO MUCH ENERGY AND ARE PUTTING SO MUCH ENERGY IN INTS ONE, BUT YET THERE APPEAR TO BE LESS OBSTACLES IN THE SOUTHERN TS.
TWO MORE HOPEFUL OPTIMISM, SOME MORE HOPEFUL AND OPTIMISTIC.
TOTALLY DIFFERENT TYPE OF DEVELOPMENT.
AND I THINK A LOT OF THAT STEMS FROM THE SIZABLE INVESTMENT WE MADE ON BAYLEN ISLAND.
AND, AND YOU KNOW, I THINK WE'VE ALWAYS INTENDED THAT TO BE A CATALYST ONE DAY.
SO, ALRIGHT, THAT'S ENOUGH ABOUT THAT.
AND THAT'S ALL I GOTTA SAY ABOUT THAT.
ANY, ANYTHING ELSE? TALK SPEED.
WELL WE LOOK FORWARD TO ANTICIPATE HEARING THE, UH, THE NEXT PHASE ON THE TASK.
[a. Receive and discuss reports from staff for items of comunity interest to include development-related projects, programs, oppertunities and potential items for future meetings.]
TO ITEM FOUR, A RECEIVING DISCUSSED REPORTS FROM STAFF.UM, I DO HAVE, UH, TWO QUICK UPDATES FOR THE BOARD, UH, AT THE COUNCIL'S.
UH, FEBRUARY, UH, 26TH MEETING, THEY DID APPROVE, UH, WHAT, WHAT THE BOARD RECOMMENDED, UM, FOR
[00:30:01]
AMENDING THE BASE YEAR VALUE TO, I THINK IT WAS 351 MILLION, UH, DOLLARS AND SOME CHANGE.UM, SO WE'LL BE WORKING ON, UM, PUTTING TOGETHER THE FIRST AMENDMENT, UM, FOR, YOU KNOW, AS PART OF THAT, THAT PROJECT AND FINANCING PLAN UPDATE.
THEN THE, THE SECOND UPDATE I DO HAVE IS RELATED TO ZONE NUMBER ONE AND THIS IS THE, UH, HILLWOOD DEVELOPMENT OFF OF INTERSTATE 10 AND JOHN MARTIN.
UM, THAT FIRST PHASE IS LOOKING TO BRING IN I THINK AROUND A HUNDRED MILLION, UM, IN INVESTMENT.
SO AS SOON AS THAT, THAT PROJECT IS CURRENTLY UNDERWAY.
SO WE WILL START RECEIVING THOSE INCREMENTS PROBABLY I THINK IN THE NEXT 12 OR SO MONTHS ONCE THAT PROJECT IS COMPLETED.
BRIAN, ARE THEY BUILDING A PUBLIC STREET IN, I KNOW AT ONE TIME WE WANTED A PUBLIC STREET UP THE MIDDLE OF THAT TRACK FROM, UH, THE ACCESS ROAD GOING NORTH.
ARE THEY DOING THAT OR NOT? YES, THEY ARE.
THEY ARE BUILDING A FOUR LANE BOULEVARD FOR THIS FIRST SECTION.
I THINK IT STOPS AT JONES ROAD, BUT THEN ULTIMATELY IT'LL GO ALL THE WAY UP TO VILLE.
ISN'T THAT A COUNTY SUBDIVISION? IT'S THE SUBDIVISION THAT'S IN THE COUNTY OR, UH, I DON'T, IT'S IN, IS IT IN THE CITY? I DON'T THINK PHASE ONE IS IN THE CITY.
THIS THE NORTHWEST CORNER OF JOHN MARTIN AND I 10.
AND ALSO WITHIN ONLY, YEAH, BEHIND IT.
CHICK-FIL-A AND ALL THAT BEHIND IT.
WHAT DID THEY DIDN'T EVEN KNOW WAREHOUSE WAREHOUSES IN IT.
WE SAY BUSINESS PARK
YEAH, THAT'S, THAT'S ALL I HAPPENS, CHAIRMAN.
THANK YOU FOR THE QUICK QUACK BY THE WAY.
SAME AS WE HAVE NO FURTHER ITEMS BUSINESS.
ALL THOSE OPPOSED JUST KEEP ON SITTING HERE
EVERYONE WANTS TO, THERE'S CANDY IN THE DOOR.