Page 21 - FY 24 Budget Forecast at Adoption.xlsx
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Strategy 1.5: Continue Supporting Quality of Life through Excellent Events and Festivals

               From Holly Days and Keller Summer Nights to our newest and most popular annual event, Keller
               Lights, the Keller Parks & Recreation Department hosts over 30 special events each year attended
               by tens of thousands of residents and visitors. This year, an additional $30,000 has been budgeted
               for a total of $80,000 to support the city's award‐winning event lineup and allow staff to consider
               other additions to the special event calendar throughout the year.





                                            Goal 2: Attract Vibrant Development

               Strategy  2.1:    Maintain  Momentum  of  Old  Town  Keller  by  Supporting  Organic  Growth
               Consistent with Council's Vision for the Area

               Phase  I  of  redeveloping  Old  Town  east  of  Hwy.  377  is  nearing  completion.  This  includes
               converting Bates Street into a festival street and installing a Pedestrian Hybrid Beacon to provide
               visitors safe access across Hwy. 377 on foot. The revitalization projects in Old Town have acted
               as a catalyst for surrounding property owners to work with city staff in improving their properties
               and exploring uses harmonious with the vision of Old Town Keller.

               Redevelopment  of  Old  Town  will  soon  see  the  benefits  of  the  established  Tax  Increment
               Reinvestment Zone (TIRZ) No. 2, which stretches along Hwy. 377 and includes all of the Old Town
               Keller zoning district. By capturing increased valuation increments from new projects like Center
               Stage and the redevelopment of properties along the highway corridor, money will be earmarked
               to pay for major infrastructure, drainage, park and other public improvements in Old Town for
               years to come. The tax base was established on Jan. 1, 2022 and the increment over that base
               will be realized in 2023. At the end of FY 2022‐23, the TIRZ Board will meet to prioritize future
               projects.
               Strategy 2.3: Attract Experiential Businesses to Keller, Including Sit‐Down Restaurants

               A  growing  number  of  new  restaurants  have  chosen  Keller  as  their  home.  Business‐friendly
               policies, quality of life, and exceptional city amenities have helped attract quality restaurants
               such as the Cajun‐inspired seafood restaurant Te'Jun, Texas barbeque hotspot Outpost 36 and
               popular  sushi  destination  Hush,  to  name  a  few.  The  attraction  of  these  unique  restaurants
               highlights the city's recognition by various publications as an up‐and‐coming dining destination.
               City staff will continue to promote Keller's strengths to identify and target experiential businesses
               consistent with the vision of Keller residents.

               Strategy 2.4: Continue Improving Primary Commercial Corridors

               Redevelopment of existing commercial corridors will become increasingly important to growing
               Keller's commercial tax base as we reach our community's natural buildout. The Tax Increment




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