Tyler council approves agreement with Dallas developer for new h - KYTX CBS 19 Tyler Longview News Weather Sports

City of Tyler secures land for new hotel conference center

Posted: Updated:
  • CBS19.tv Web ExclusivesMore>>

  • Moms-to-be learn how to be Fit for Two

    Moms-to-be learn how to be Fit for Two

    Thursday, July 31 2014 11:54 PM EDT2014-08-01 03:54:43 GMT
    Exercising during pregnancy may have more benefits than you realize. Research finds it can make labor and delivery easier on your body. There are also benefits for baby. As little as 20 minutes of moderate exercise, three times per week enhances the newborn child's brain development.  In this week's Fit City, find out how ETMC is trying to create strong moms and healthy babies with one of its programs. More >>
    Exercising during pregnancy may have more benefits than you realize. Research finds it can make labor and delivery easier on your body. There are also benefits for baby. As little as 20 minutes of moderate exercise, three times per week enhances the newborn child's brain development.  In this week's Fit City, find out how ETMC is trying to create strong moms and healthy babies with one of its programs. More >>
  • Web Exclusive: Rob Lowe is getting "sharky" for a TV network

    Web Exclusive: Rob Lowe is getting "sharky" for a TV network

    Thursday, July 31 2014 9:45 AM EDT2014-07-31 13:45:11 GMT
    Actor Rob Lowe is lending his comedic talents to the Discovery channel.  In a new promo for Shark Week he throws up chum while riding two sharks.More >>
    Actor Rob Lowe is lending his comedic talents to the Discovery channel.  In a new promo for Shark Week he throws up chum while riding two sharks.More >>
  • Web Exclusive: Company cancels class to nix Southern accents, y'all, after complaints

    Web Exclusive: Company cancels class to nix Southern accents, y'all, after complaints

    Wednesday, July 30 2014 12:00 PM EDT2014-07-30 16:00:17 GMT
    We live in the South, so some of us may have a Southern accent, but would you consider saying "goodbye" to "howdy, y'all"?
    The Oak Ridge National Laboratory in Tennessee was going to offer a speech class for its workers next month to do just that, until it got canceled.
    More >>
    We live in the South, so some of us may have a Southern accent, but would you consider saying "goodbye" to "howdy, y'all"?
    The Oak Ridge National Laboratory in Tennessee was going to offer a speech class for its workers next month to do just that, until it got canceled.
    More >>

TYLER (TYLER MORNING TELEGRAPH) - An agreement between the city of Tyler and a private retail developer could bring millions of dollars in sales and property tax revenues to the city starting this summer, as well as donated land on which to build a new hotel conference center.

City Council this morning approved a reimbursement development agreement with the Dallas-based group, The Retail Connection. That developer will donate land to the city to the to build a hotel conference center in return for a portion of the sales tax generated from a planned 80-acre, 700,000 square feet retail, restaurant, and entertainment center. The restaurants and shops must generate new sales income, or the city will not reimburse the developer, according to the agreement.

The new retail center, to be called the Village at Cumberland Park, will be adjacent to the city's hotel conference center, at South Broadway and Toll 49. The first phase of the development is set to open this summer. In addition to donating 13 acres for the hotel conference center, The Retail Connection will provide vehicle access and drainage improvements to the project area that will benefit the public, according to information received from the city. The improvements will be primarily along South Broadway.

The agreement with The Retail Connection calls for the City to reimburse only for limited public improvements from one-half of one percent of sales tax generated by new retail in the development in the first seven years, according to information received from the city.

Estimated sales tax to be generated from these stores could total $15 million for the city and $5 million for Smith County, Assistant City Manager Susan Guthrie said. That does not include property tax generated from the new construction, Ms. Guthrie said. The developer estimated that the total reimbursement will range from $3.5 million to $5 million over the course of seven years.

  • Local NewsMore>>

  • House GOP cancels vote on immigration bill

    House GOP cancels vote on immigration bill

    Thursday, July 31 2014 2:46 PM EDT2014-07-31 18:46:25 GMT
    Washington (CNN) -- On the last day before summer recess, dysfunction reigned in Congress.House Republicans canceled a vote on their $659 million emergency response to the border influx from Central America overwhelming immigration resources, unable to agree among themselves about what to do.More >>
    Washington (CNN) -- On the last day before summer recess, dysfunction reigned in Congress.House Republicans canceled a vote on their $659 million emergency response to the border influx from Central America overwhelming immigration resources, unable to agree among themselves about what to do.More >>
  • New Summerfield family awaits word if body found belongs to missing loved one

    New Summerfield family awaits word if body found belongs to missing loved one

    Wednesday, July 30 2014 10:22 PM EDT2014-07-31 02:22:54 GMT
    Missing person Javier JimenezMissing person Javier Jimenez
    NEW SUMMERFIELD -- Jessica Jimenez is consoled by family members after learning police have found a body just days after her father was reported missing. Javier Jimenez, 44, was last seen leaving his home in New Summerfield on the morning of July 23. More >>
    NEW SUMMERFIELD -- Jessica Jimenez is consoled by family members after learning police have found a body just days after her father was reported missing. Javier Jimenez, 44, was last seen leaving his home in New Summerfield on the morning of July 23. More >>
  • Nine Cases of Chikungunya Virus in Texas

    Nine Cases of Chikungunya Virus in Texas

    Wednesday, July 30 2014 3:58 PM EDT2014-07-30 19:58:47 GMT
    AUSTIN (KYTX)- Texas Department of State Health and Services has confirmed nine Texas cases of Chikungunya, a virus that can cause fever and severe joint pain and is transmitted by mosquitoes.More >>
    AUSTIN (KYTX)- Texas Department of State Health and Services has confirmed nine Texas cases of Chikungunya, a virus that can cause fever and severe joint pain and is transmitted by mosquitoes.More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.