The Ellis County Commissioner Court voted to authorize County Judge Carol Bush to execute the sale of several pieces of county property in downtown Waxahachie during Monday’s meeting.
“I think that this is really an opportunity for downtown Waxahachie to be revitalized,” Bush said. “(By having) somebody with experience and connections to come in and help us stimulate the economy here by restoring these facilities, I think that it is going to add to the attractiveness that is Waxahachie.”
The properties that are listed in the proposed sale include 114 S. Rogers St., 109 W. Franklin St., 111 W. Franklin St., 113 W. Franklin St., 115 W. Franklin St., 117 W. Franklin and 200 S. College St. An unnumbered lot on south Rogers Street that is immediately adjacent to 115 and 117 W. Franklin St. is listed in the proposed sale as well.
Precinct Two Commissioner Bill Dodson said the sale of these buildings will not only put them back on the tax rolls but will open up opportunities for others in downtown through the redevelopment process.
“There are so many opportunities down here. You could have another McKinney,” Dodson said. “It is going to be a matter of time ‘till things start moving south and things start picking up here. I think that it will be very beneficial if (the developer) pulls off what they are going to do.”
The closing date on the sales of the properties has been set for Monday, July 29. The prospective purchaser is C&K Capital, LLC out of Dallas.
C&K Capital has worked in developing the Bishop Arts District in Oak Clift and the Dallas Design District.
Precinct 4 Commissioner Ron Brown said the sale of these buildings will not only help the downtown area and the city of Waxahachie, but will help the entire county. “It will help bring people to the area through tourism and will be a real shot in the arm to the area,” Brown said.
The Waxahachie City Council and the city’s Tax Increment Reinvestment Zone Board have called a special meeting for 11:30 a.m. Friday, July 26, in the council conference room at city hall. City hall is located at 401 S. Rogers St.
The council and the TIRZ Board will hear a presentation and consider tax incentives related to the purchase and restoration of four downtown buildings located at 109-115 W. Franklin St. and 114 S. Rogers St. They will also hear a presentation and consider incentives related to the improvements of the Rogers Hotel located at 100 N. College St.
The TIRZ is a geographic area which includes the central business district and was established by voter approval in 2003. When property values go up within the zone, the increase portion of the tax dollars goes toward funding downtown revitalization projects.
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