Page 227 - BurlesonFY24AdoptedBudget

 SFA 3: Beautiful, Safe and Vibrant Community
o Coordinate with development partners to create a vision for the Hidden Creek corridor
and outline possible options.
 SFA 4: Great Place to Live

o Begin construction of Alley Cats Entertainment facility and continue to work with the
development community to develop family entertainment venues.
o Evaluate Hotel/Motel Occupancy Tax policy to enhance and attract community events
and festivals to our community.
o Consider options and incentives to partner with the development community to build a
convention/civic center.

Future Goals in FY 2023-2024

 Increase average annual wage over the next two years 7.5%
 Increase sales tax per capita by 5%
 Increase Appraised Value of Commercial/Industrial development by 15%
 Increase percentage of jobs paying $75,000 or more annually by 2%
 To continue to be a top market in the DFW market for vacancy rates in Retail, Office and
Industrial sectors.
 Develop a 380 agreement for the development of the Hidden Creek corridor that includes a
Hotel Conference Center
 Develop a new Industrial Park on the Northern part of the community
 To grow the Project U Leadership Conference to be a premier statewide event.

Prior Year Accomplishments for FY 2022-2023

 Completed the Hotel/Motel Occupancy Tax audit
 Announced numerous new to market resturants and retailers (Torchy’s, Buff City Soap, Cava,
etc)
 Completed the 380 agreement for a new trade school in the City of Burleson.
 Begun construction of Alley Cats Entertainment and Corporate Office
 Partnered with Jackson Shaw for the implementation of a new vision on the Hidden Creek
corridor.
 Completed year 3 Project U Leadership Conference where we hosted over 350 people from all
over the region
 Completed the purchase of numerous tracts of land for future municipal purposes in the Transit
Oriented District.

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