The Herald Banner, Greenville, TX

Local News

June 15, 2013

Updates on economic projects scheduled

GREENVILLE — The board of the Greenville 4A Economic Development Corporation plans to hear updates next week on several key projects in the city.

The board is scheduled to meet in regular session at 4 p.m. Tuesday in Suite 804 of the Paul Mathews Exchange Building, 2500 Stonewall Street downtown.

Under old business, the board is set to receive status reports on the Greenville YMCA/event center and the proposed tollway project.

Last month, voters in Greenville approved the issuance of $15 million in general obligation bonds to pay for the construction of a YMCA/event center.

The facility will be owned by the City of Greenville and leased to and operated by the YMCA or other public or private entity as a commercial activity community events/recreation center.

The facility would be located in the Greenville SportsPark on Monty Stratton Parkway. Organizers of the project said they have received commitments from several entities toward the cost of the facility which could reduce the potential tax burden. Dr. Jerry Ransom has agreed to donate $1 million through 10 annual installments of $100,000 each.

Public Werks Incorporated of Dallas is behind what has most recently been identified as The Blacklands Corridor, formerly the Blacklands Turnpike.

 The Greenville City Council and the Hunt County Commissioners Court have voted to approve non-binding resolutions of support for the proposal to build a privately owned toll road covering approximately 24 miles between just west of Greenville and Lavon in Collin County, along a portion of the Northeast Texas Rural Rail Transportation District (NETEX) right-of-way.

 The right-of-way was secured through a long term ground lease agreement between the Texas Turnpike Corporation (TTC) and NETEX through the cities of Josephine and Nevada, to just west of State Highway 278 in Lavon.

The company is proposing to build a limited access four lane divided toll road in and along the right-of-way, leaving room for NETEX’s rail restoration plan in the future, in order to help relieve congestion along Interstate 30 between Rockwall County and Dallas County.

The measure has met with opposition from many of the residents along the proposed route of the road.

The 4A board also intends to hear updates on the Farmers Market in downtown Greenville, as well as work along Oak Street.

City of Greenville workers have spent most of this week tearing out a portion of Oak Street, between Lee and Washington Streets, in order to install a water and sewer main. Oak Street will remain closed during the duration of the project.

A rededication of a percentage of the sales tax rebate revenue collected by the City of Greenville goes toward funding the 4A Economic Development Corporation.

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