The Lake Houston Redevelopment Authority board of directors finalized their fiscal year 2020-21 budget and their five-year capital improvement plan budget at the LHRA board meeting June 11.
The LHRA funds its budget through property tax revenue collected in Tax Increment Reinvestment Zone 10 in Kingwood. Projects funded in FY 2020-21 include the Kingwood Drive at Willow Terrace intersection improvements, the Northpark Drive Overpass Project, the Northpark Drive Reconstruction Project and the Kingwood Drive at Woodland Hills Drive intersection reconstruction. Some of the projects funded in FY 2020-21 have funds appropriated in future fiscal years as well.
Woodland Hills Drive, Kingwood Drive intersection project
At the May 14 meeting, LHRA officials discussed allocating an additional $10 million to the Woodland Hills and Kingwood Drive intersection project to tackle drainage issues. However, LHRA and TIRZ Administrator Ralph De Leon said at the June 11 meeting that instead the project will be broken into different projects to allow financial assistance from other entities.











