Page 9 - Grapevine FY20 Approved Budget
P. 9
October 1, 2019
Honorable Mayor and Members of the City Council:
On behalf of the entire City organization, I am pleased to present the City’s FY 2020 program of
services for the City of Grapevine. This is a maintenance budget that responds to current market
conditions, fosters long-term sustainability, and maintains current service levels.
The upcoming year is full of exciting new economic development activity. The kickoff of the
TEXRail commuter rail service in January has led to a boost in visitors and tourists to our
downtown area. On Saturdays, the Grapevine station is the most popular of all the TEXRail
stations with more than 17,000 riders coming through since it launched. On weekdays,
Grapevine’s station is the third most popular behind DFW Terminal B and Fort Worth Central
Station. In all, TEXRail had more than 400,000 riders from February through September.
Ridership has increased steadily from 32,998 riders at launch in February to 43,757 in
September.
As part of the Grapevine station development, "Grapevine Main" is currently under construction
as well. Located at the intersection of Main Street and Dallas Road, the project development
includes:
• 42,000 square-foot, five-story tall rail station
• "Hotel Vin" - a six-story, 120-room boutique hotel
• 38-000 square-foot outdoor plaza large enough to host 3,500 guests
• 552 space parking garage
• 20,000 square-foot food hall with seven different kitchens
Other projects that are either under construction or will begin construction in 2020 include
Paycom, which plans to begin with a new, single building and currently expects to expand to
several hundred employees before eventually expanding their physical footprint to accommodate
approximately 1,000 well-paying positions; THE TRADE GROUP®, which will be relocating
their global headquarters to Grapevine; and Waterlogic USA, Inc., a global manufacturer of
drinking water dispensers, which will establish its new North American Headquarters in
Grapevine and is expected to create 164 jobs and more than $1.6 million in capital investment.
Other projects include Silverlake, Standrock, and Salt Lick. Strong economic development
partnerships such as these add jobs to our local economy and stimulate consumer spending.
Although there will undoubtedly be an increase in the demand on City services, the General
Fund budget absorbs these needs. There are no increases in staffing.
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