 During
the decade of the 1990s, Flower Mound was the destination of preference
for the relocation of over thirty-thousand new residents to North
Texas. As it moves into the 21st century, the Town remains one
of
the fastest growing cities in the state, if not the nation. The
rapid and intense urbanization has given rise to initiatives to
bring balance to the local economic picture. The Town’s SMARTGrowth
Plan, Economic Development Strategic and Marketing Plan, and
the Master Plan 2001 have each had specific and integrated economic
development elements.
This coordinated approach to economic development and managed
growth provides unique assurances to both future and existing
development. It says that you can expect to have adequate Town
infrastructure in place, a tax structure that is favorable to
development and policies in place to give substance to the term
"business friendly".
The Town's commercial development picture is bright. The heralded
1,500 acre Lakeside Business District is a planned campus commercial
and campus industrial development that has in excess of $20,000,000
of development ready infrastructure. Currently in place are negotiated
development agreements with landowners to provide incentives under
the State's 380 provisions that provide long term benefits for
developers. By the fall of 2003, the Denton Creek District in
western Flower Mound, will have in place the initial phases of
infrastructure development that will spur retail, campus commercial
and campus industrial development in the more that 1,500 acres
that is strategically planned to maximize its economic impact
on Flower Mound and the region as a whole.
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