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The New Braunfels Economic Development Corporation unanimously approved up to $2.2 million for The Neue, LLC., to support a mixed-use development and public infrastructure improvements. Sales tax collections were up 1.7% in fiscal year 2025 compared with the prior year.
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The approved funding will support redevelopment in downtown New Braunfels, including public infrastructure tied to the mixed-use project. The board also reviewed possible transportation, pedestrian, childcare, and placemaking projects, but the minutes do not record approval of those proposals. The board took no action after discussing four economic development negotiations in executive session.
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