You have probably heard about the city’s efforts in recent years to partner with our hospitals and other property owners to develop the Medical District. Centered around the intersection of State Highway 6 and Rock Prairie Road, the district offers a unique economic opportunity.

After nearly two years of work involving hundreds of property owners, stakeholders, health care providers and others, the College Station City Council approved the Medical District Master Plan in October. While this nearly 1,700-acre area offers significant opportunities, its potential is limited by the lack of basic services and infrastructure. Without a strategic approach to managing change in the area, those abundant opportunities may be minimized.

To help overcome these challenges, the city is considering the creation of two tools — Tax Increment Reinvestment Zone (TIRZ) and a Municipal Management District (MMD). On Thursday, the city council will hear a presentation from staff and conduct a public hearing on both tools during its 7 p.m. regular meeting.

Continue reading “How a pair of management tools could help fulfill Medical District vision”