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The board unanimously approved a $242,700 economic development incentive for Alamo Storage LLC to help fund a new power line serving planned development at Loop 1604 and W. Byrd Boulevard.
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The incentive will reimburse the project for electrical infrastructure that was not included in the developer’s original budget. Staff said the development could add commercial and multifamily property, jobs, workforce housing, and additional tax revenue. The board also discussed ongoing concerns about project management and communication related to power-line work.
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