The City of Kyle took another big step toward improving transportation options for its residents and visitors today when City officials, along with representatives from Hays County, SCC development, Rodman Construction, Bury & Partners, Land Design Partners, and other partners officially opened the Kyle Parkway extension from IH35 east to Dacy Lane. The Kyle Parkway Extension will effectively connect Kyle residents to over 900,000 square feet of retail development, a 210-bed Seton Hospital and associated professional office buildings.
“Kyle Parkway has become the backbone of Kyle’s surge in economic development,” said Kyle City Manager Tom Mattis. “The access this road provides to stores, restaurants and services coming soon to this development is essential to Kyle’s success as one of the fastest growing cities in Texas. When you include the Seton Hospital, Kyle Parkway will be traveled by all our residents, visitors and others looking to invest in our city.”
The construction of Kyle Parkway is part of the largest development agreement in the history of Kyle and Hays County. The $438 million project is projected to ultimately bring 4,600 jobs into Kyle’s employment base and is estimated to bring in millions of dollars to the local economy.
“It is exciting to see what was a concept a year ago becoming a reality,” said Kyle Mayor Mike Gonzalez. “As I look around and see all the work going on around Kyle Parkway, I also see a very bright future of Kyle and our residents.”
“The development that will be supported by Kyle Parkway will have benefits throughout Hays County,” said Hays County Precinct Two Commissioner Jeff Barton. “The jobs and sales tax dollars generated by the surrounding stores, restaurants and services will help improve other parts of the county and will have a tremendous benefit to our schools.”
The agreement for this project spans a fifteen-year period and features a unique revenue sharing arrangement in the place of tax abatements, thus allowing the development to proceed without the use of public moneys. The basis of this agreement is the sharing of future sales tax revenue during the first years of the development, with all sales tax revenue eventually coming to the City and County. There are no property tax abatements associated with this agreement.
The Kyle Chamber of Commerce recognizes that leadership is not always an easy calling to answer. The project we celebrate today is a testament to the call for courage and vision that was answered very well indeed by our elected officials, city and county staff, business and community partners.
The Hays Consolidated Independent School District is also a beneficiary as they will see a projected revenue increase of approximately $70 million over the next 20 years without giving any concessions to the project.
In addition to providing improved mobility for Kyle residents, Kyle Parkway also adds a large measure of aesthetic amenities. The Villages of Kyle includes 681 new trees and approximately 41,500 new shrubs, flowers and bushes.
“This project is quickly becoming a showcase for SCC Development,” said Scot Deskins, owner and CEO for SCC Development. ” I would like to thank the folks at Rodman Construction for providing such quality work and particularly Land Design Partners for creating an exceptional landscape design for this project. I would also like to thank our landscaping & irrigation contractor Texas Ecogrow.”
In addition to the opening of Kyle Parkway, Seton Parkway will also be opened and will connect Kyle Parkway to Dacy Lane just north of the Seton Hospital.
by Jerry Hendrix
City of Kyle