County, city amend The Summit at Rivery Park tax agreements

Both Williamson County commissioners and Georgetown City Council approved amendments in April to an agreement regarding the development of a conference center at The Summit at Rivery Park.

Amendments include ensuring 16,000 square feet of ballroom space, fine-tuning terms of the county's use of the space once completed, re-adding 8.33 acres of land to the Brownstone development that had been removed from the area in 2010 and extending the time period of the tax increment revenue zone, or TIRZ, from Dec. 31, 2031, to Dec. 31, 2041.

Novak Brothers Development, along with other developers, will fund the initial building of the conference center at The Summit, located on Rivery Boulevard in Georgetown. The city will then pay the developers back over time by selling bonds.



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