Elgin B. Robertson Property Purchase FAQ with Jim Grabenhorst
Elgin B. Robertson Property Purchase FAQ with Jim Grabenhorst
What and where is the Elgin B. Robertson property?
The property consists of approximately 257 acres situated on both sides of Interstate 30 at the Dalrock Road interchange. The north tract is located in Dallas County and consists of approximately 142 acres and the south tract is located in both Dallas County and Rockwall County and consists of approximately 115 acres.
Why is the City interested in purchasing the Elgin B. Robertson property from the City of Dallas?
As it is the gateway into Rowlett on Interstate 30, the City has been actively pursuing the purchase of this property from the City of Dallas for the past decade. Once developed, it will not only become a regional destination for the DFW metroplex and east Texas that will make our citizens very proud, but will also bring significant tax revenue to the City.
How much is the purchase price?
$31.8 million
How will it be paid for?
The $31.8 million purchase will be funded by the City’s development partner, Donahue Development. In order to provide the best and most expedient services to our citizens, Rowlett will provide the infrastructure, including police and fire rescue response as the land is developed.
Will it remain a park? If not, what will be built there?
The area will not remain parkland, but will be innovatively master-planned and developed. Donahue Development is working through these plans and will be presenting the vision to the City soon. This acquisition is just the first step in a multi-year development process.
What is the purchase timeline?
February 25 – Dallas City Council took action to approve the purchase agreement and the first set of boundary adjustments.
March 3 – Rowlett City Council Work Session discussion regarding the purchase agreement and boundary adjustments.
March 17 – Rowlett City Council will take action regarding the purchase agreement and boundary adjustments.
March 25 – Dallas City Council will take action on the second set of boundary adjustments.
April 14 – Rowlett Planning and Zoning Commission Public Hearing and recommendation on zoning.
April 21 – Rowlett City Council Public Hearing and will take action on zoning.
April 21 – Rowlett City Council will take action on Tax Increment Reinvestment Zone (TIRZ) creation for infrastructure needs.
April 30 – Property sale closes.