Page 203 - Hurst FY19 Approved Budget

ECONOMIC DEVELOPMENT

110 GENERAL FUND
0233 ECONOMIC DEVELOPMENT

$232,500
• The new six story, 140 room Hilton Garden Inn began and recently completed
its construction and opened next to the Hurst Conference Center
• $21M of new commercial construction occurred

FUTURE INITIATIVES

• Continue to work with Simon Property Group on the highest and best use for
the property as we consider possible diversification
• Work with commercial landowners identified as Catalytic Areas 1-7 in the
Sustainability Plan to improve the SE Hurst retail corridors using incentives
when necessary
• Work with landlords and their brokers to see the final few parcels occupied and
the successful completion of the “50 yard line” redevelopment
• Develop and promote a new Family Entertainment District with the support
and inclusion of the businesses in the District once fully developed
• Continuously update Wayfinding signage program
• Work with the businesses negatively impacted by the highway expansion to
“win back” customers lost due to the construction encumbrance as well as the
extreme amount of new competition created with the openings of Glade Parks
and Presidio Town Center shopping centers.
• Consider creative, performance based 380 agreements when justified to see
major redevelopment occur such as at the Pipeline Plaza Shopping Center;
which has new vacancies as a result of Toys R Us national bankruptcy

GOALS, OBJECTIVES & PERFORMANCE MEASURES

Council Priorities:
 Public Safety  Innovation
 Economic Vitality  Redevelopment
 Infrastructure  Leadership

Goals:
• Target businesses that are underrepresented in the area but growing in the
Region
• Continue aggressive business retention and development programs
• Continue to strengthen relationship with Mall to remain vital and community
friendly
• Continue to utilize state-of-the-art technology for Economic Development
• Work with staff to complete final recommendations for the Sustainability Plan

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