Denison Council To Discuss Gateway Village Development Deal - KTEN.com - No One Gets You Closer

Denison Council To Discuss Gateway Village Development Deal

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DENISON, TX -- Council members are expected to adopt final plans for Gateway Village.

That includes contributing $7 million in public improvements that will be reimbursed to developer Tom Johnson's TPJ Properties over a 30-year-period.

It's part of a Tax Increment Reinvestment Zone, or TIRZ, being set up by the city and Grayson County.

City officials say the total private investment in the project near Highway 75 and F.M. 691 will top $110 million.

At their previous meeting, council members approved the annexation of several areas into the city limits. The issue is set to be taken up by council at their meeting on Tuesday at 6 p.m.