Flower Mound Town Council's decision on TIRZ for Lakeside Village postponed for at least 60 days

Lakeside Village will be located along Lake Grapevine and include restaurants, retail, office space and several residential towers.

Lakeside Village will be located along Lake Grapevine and include restaurants, retail, office space and several residential towers.

Flower Mound Town Council was expected to make a decision on whether it would establish a $20.5 million tax increment reinvestment zone, or TIRZ, for Lakeside Village at its May 6 meeting.

However, the item was postponed for at least 60 days at the request of the developer, Realty Capital.

The developer asked that it be postponed to allow them to speak with the new council members who were elected on May 4: Ben Bumgarner and Jim Pierson.

Council members were previously split on whether they wanted to hire a consultant to do a feasibility study on the TIRZ. They voted 3-2 on March 4 to approve a request from town staff to award a $50,000 consulting contract with Hawes Hill & Associates to move forward with the next step of creating a TIRZ for the Lakeside Village development.

Lakeside Village, which will be located west of Lakeside Parkway on 35 acres, will include a mix of retail, restaurants, offices, possibly three hotels and residential areas, which would come in the form of villas, lofts over retail and up to five towers.

The TIRZ, if approved, will allow the town to use property tax revenue to reimburse Realty Capital for building public infrastructure.
By Sherelle Black
Sherelle joined Community Impact Newspaper in July 2014 as a reporter for the Grapevine/Colleyville/Southlake edition. She was promoted in 2015 to editor of the GCS edition. In August 2017, Sherelle became the editor of the Lewisville/Flower Mound/Highland Village edition. Sherelle covers transportation, economic development, education and features.


Texas Central has signed a $16 billion contract with Webuild to lead the civil construction team that will build the train. (Rendering courtesy Texas Central)
Texas Central signs $16B construction contract for high-speed rail project

Texas Central could be one step closer to starting construction.

people sitting at a desk
Lewisville ISD employees to get raises, retention payments for their work

Among the board approvals is a 3% salary increase for all Lewisville ISD employees.

school sign
Lewisville ISD board approves construction projects for this summer

Approved projects will be funded through the 2017 bond referendum.

The Electric Reliability Council of Texas issued a call for Texans to conserve energy June 14. (Iain Oldman/Community Impact Newspaper)
ERCOT asks Texans to conserve energy with generation outages 2.5 times higher than normal

"This is unusual for this early in the summer season," said Woody Rickerson, ERCOT vice president of grid planning and operations, in a news release.

Brazilian steakhouse Boi Na Braza coming to Flower Mound

Boi Na Braza will be opening in Flower Mound’s Riverwalk development in the near future.

business sign
Family-owned funeral homes in Flower Mound, Lewisville deliver personal touch

Dalton & Son Funeral Home is providing the personalized touch of a three-generation-old family-owned and -operated business

map of service areas
Denton County Transportation Authority seeks feedback on new GoZone on-demand service

A proposed GoZone on-demand rideshare service will replace most of Denton County Transportation Authority’s Connect Bus fixed-route services and current on-demand zones.

Adam Schiestel appointed to fill Place 1 seat on Flower Mound Town Council

Schiestel will be sworn in during the June 15 Town Council meeting.

healthy food
Clean Eatz to open Flower Mound location in mid-August

The restaurant specializes in healthy takeout food.

Dutch Bros Coffee expects to open later this year in Richardson. (Courtesy Dutch Bros Coffee)
Dutch Bros Coffee coming to Richardson; Plano parks earn high marks and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

Boy Scout with flag in parade
Things to do in Lewisville, Flower Mound and Highland Village in June and July

Events include a Juneteen Festival, a South Asian Food Festival, Selena Tribute Concert, Independence Day Chidren's Parade and Ducky Derby.