Plano City Council tabled a rezoning request for a life sciences development in the old EDS building because of a request received from the applicant, NexPoint Development.

Two-minute impact

An initial rezoning request presented to the Plano Planning and Zoning Commission was unanimously approved during its July 17 meeting. The proposal from NexPoint Development includes a $3 billion investment in the 200-acre Electronic Data Systems headquarters in northern Plano.

A spokesperson for NexPoint Development said the firm is engaged with multiple entities about a public-private partnership.

“The project would establish Plano as a major life sciences hub and bring significant economic impact and jobs to the area,” the NexPoint Development spokesperson said in an email. “The zoning case for the project’s main campus was approved by Plano’s Planning & Zoning Commission in July, but NexPoint elected to table the City Council review of that case until September to better align with the timing of its public-private partnership discussions.”

During the July 17 commission meeting, NexPoint President Frank Zaccanelli said the center could create more than 30,000 jobs at full build-out.

What's next?

Council tabled the consideration of the rezoning request until its Sept. 11 meeting.