Explained
Chapter 380 of the Local Government Code gives municipalities the ability to offer incentives that promote economic development, according to the Texas Comptroller website. The incentives, which usually involve commercial and retail projects, provide for offering loans, grants or tax abatements of city funds or services at little or no cost to promote state and local development.
The specifics
The project, previously dubbed Project Chia Pet, will be a 23,000-square-foot Sprouts Farmers Market on the northwest corner of FM 1626 and Kohlers Crossing, according to agenda documents. The Arizona-based supermarket chain is slated to open in 2024, according to Mayor Travis Mitchell. GBT Realty Corporation will also build three additional retail shell buildings totaling 18,000 square feet along with several murals added throughout the project, which will be created by regional artists. The three additional retail buildings will have a series of enhancements added to the project, including a performance stage, plaza and green lawn.
Quote of note
Mitchell said council focused on quality of the architecture, and investment standards matched their vision.
"Sprouts has been going through an expansion phase, and they had their sights set on the city of Kyle," Mitchell told Community Impact.
