The chamber began an effort to create an FM 1960 management district between Hwy. 249 and I-45 in January 2020, but the project was put on hold due to the coronavirus pandemic.
Upon creation, the district would provide safety and security, economic development, landscaping and signage for the corridor. Before the chamber can apply to create the management district with the Texas Commission on Environmental Quality, petitions must be collected from owners of at least 50% of the district’s total $2.2 billion commercial value.
“I estimate that we will need a minimum of 100 signatures,” Chamber President and CEO Bobby Lieb said. “My hope is that we would have the vast majority of our signatures collected by the middle of this year.”
Once approved, those in the boundaries would pay an annual assessment rate, similar to a tax. The payments would fund the district.
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