In May, 2015, the City and its development partner, Donahue Development (now operating as Bayside Land Partners), closed on the former Elgin B. Robertson Park, acquiring the property from the City of Dallas. Sapphire Bay is projected to add nearly $1 billion in new taxable value, resulting in nearly $165 million in revenue from property, sales and hotel occupancy taxes over a period of twenty years (through 2036).Sapphire Bay will also offer residents an entertainment mecca without ever leaving their hometown! This investment and the Realize Rowlett 2020 plan are key reasons downtown development has progressed. Currently, the Village of Rowlett has not only met parking requirements, but provided a surplus of 13 spaces in addition to pre-construction conditions. Essentially, it means changing one landlord for another once the closing occurs. The vision of the updated Comprehensive Plan is “to balance Rowlett’s growth with its small town feel to provide a place with affordable and diverse housing, quality restaurants and retail, and major employers; while caring for its existing neighborhoods and maintaining its roads and infrastructure”. Plans for Rowlett’s crystal lagoon date back almost five years. The Rowlett PID for Bayside South totals $36.5 million and includes funding for roadway improvements, utilities, and public open space and amenities. Is the City still required to hold two public hearings on the tax rate if the rate exceeds the no-new-revenue rate?No. The dog park opened in March, 2018 in Herfurth Park, and includes both large and small dog areas. 1. In August, Rowlett officials announced plans to restart the project with Sapphire Bay Land Development. Instead, the City agreed to rebate 57% of the annual property taxes collected for ten years. Does this purchase affect leaseholders at the Marina? Sapphire Bay is a $1 billion mixed use development located on the shores of Lake Ray Hubbard. We have been steadfast in upholding our community’s vision for this development.
Will the Crystal Lagoons amenity be open to the public? Every day should be as great as a day at Sapphire Bay Marina! Due to extremely high enrollment numbers, participants will now need to pre-register for these programs though! What is important is that the City and its future development partner share the same vision of a destination entertainment venue with world class amenities. The City may NOT, according to State law, discriminate against or treat these businesses any differently than others wishing to locate here. Once the funding plan is finalized, the Hotel Resort and Convention Center along with the Surf and Beach Club will also be included in the first phase. Sapphire Bay is a $1 billion mixed use development located on the shores of Lake Ray Hubbard.
•Requires annual purchase of a minimum amount of water (3.2 billion gal) based on highest annual usage (set back in 2006/2007) •Actual water delivered to Rowlett customers was less than 2 billion gal FY17. The south 119-acre parcel was designed to be a destination entertainment venue with world class amenities, including an eight-acre Crystal Lagoon, one-acre show fountain, 1.75 million square feet of commercial space that included mixed use entertainment, restaurants, office and retail, an open-style bench trolley, 45 acres of programmed parks, 4-miles of hike-and-bike trails, and a 500-room resort and conference center. The Parks, Recreation and Trail Master Plan will outline priority one, two and three trails. The team has previously worked on projects such as Reston Town Center in Reston, Virginia and The Woodlands Town Center & Waterway Square in The Woodlands, Texas.
That is very true in economic development. Sometimes it doesn’t make sense. Once that happens, the City will publish its plans and name the new development partner. The City facilitated the original purchase of the property from the City of Dallas, annexed the property into the municipal boundary, rezoned the property with Form Based Code, created Tax Increment Reinvestment Zone Number Two (TIRZ#2), approved a public improvement district, drove a change in state law to qualify Rowlett for a ten-year tax rebate from the State of Texas for a new conference center, and championed improvements to IH-30 to support the region’s growth and this project. Incentives include the creation of Tax-increment Reinvestment Zone Number Two (TIRZ#2) to help mitigate extraordinary development challenges and remove barriers to development. Why would the City participate in a public-private partnership of this kind?The City has been interested in this site for many years. In a November 2019 Dallas Morning News article by Steve Brown, he indicated that almost 44,000 apartments are being built in North Texas and that the predicted vacancy rate is 7.7%. Closing on the transfer of the land will occur by July 8, 2019. “We are disappointed that we have reached this impasse,” says Mayor Tammy Dana-Bashian. 10. The City and Sapphire Bay Land Holdings I, LLC will be working on future phases and look forward to announcing a significant number of projects in the near future.
Is Sapphire Bay a public-private partnership? There are 13 Member Cities and over 30 Customer Cities (including Rowlett), and Special Utility Districts. The current contract began May 1994 and is a 30-year agreement that expires in May 2024. Who are the Water District’s Member Cities?Allen, Farmersville, Forney, Frisco, Garland, McKinney, Mesquite, Plano, Princeton, Richardson, Rockwall, Royse City, and Wylie. The cost of the sewer improvements will be performed by the City and/or its future development partner and will be reimbursed from the property taxes of the TIRZ#2 as originally planned. Also, during this period, the City of Rowlett and Bayside Land Partners entered into a series of contractual agreements regarding the public improvement district and the construction of a conference center. Who is the City’s new development partner? “This is a one-of-a-kind property and we are committed to developing the unique destination that our citizens deserve.”. Sapphire Bay is a $1 billion mixed use development located on the shores of Lake Ray Hubbard. Otherwise, we do not estimate bills.6. City staff, at the Mayor’s direction, immediately called an Executive Session to brief the City Council at the first available opportunity on July 17th. Trees include High Rise Live Oaks, Texas Redbuds and Crape Myrtles. How does the number of multi-family units in Rowlett compare to neighboring cities?Measuring the number of multi-family dwelling units based on population provides a useful and meaningful way to compare numbers of multi-family units in Rowlett and other cities. View the 2019 Rowlett Comprehensive Plan. As with any business selecting where to locate, the establishment of liquor stores is market driven. In particular, the eight-acre Crystal Lagoon and show fountain will differentiate Rowlett from other high-end communities in the area that are primarily anchored by golf courses. Yes, the general public will have access to the 6.5-acre Crystal Lagoons water feature. When are you going to develop the park by my house? How is my water bill actually calculated?The City of Rowlett has over 20,000 accounts with each account having one or more water meters. Our citizens understand how unfair it is that they must pay more than residents of certain neighboring communities that currently benefit from this take-or-pay methodology. On September 28, 2017, Bayside notified the City of Rowlett that they were evaluating their management team structure. New customers will have a positive impact on future water rates for all customers. Those agreements will be negotiated during the next 120-days. Forms may be mailed in or brought in person. 15,189 cars a day pass westbound on Hwy 66 near Scenic Drive.
This structure is outlined in the Master Fee Schedule approved by City Council. As a result, 50 percent of all property taxes collected from the north parcel will be used to reimburse projects attributable to the north parcel and 50 percent of all property taxes collected from the south parcel will be used to reimburse projects attributable to the south parcel.
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