Subsidy Tracker Individual Entry
Company:
RED Development
Parent Company:
RED Development
Subsidy Source:
local
Location:
Texas
City:
Denton
Project Description:
mixed use development
Year:
2007
Major Industry of Parent:
real estate
Specific Industry of Parent:
real estate
Subsidy Value:
$68,000,000
Awarding Agency:
Denton City Council
Type of Subsidy:
MEGADEAL 
Source of Data:
The original subsidy value came from: Lowell Brown, "Council passes Rayzor change," Denton Record-Chronicle, June 17, 2010. The revised amount came from: "Denton County," Dallas Morning News, May 15, 2014.
Notes:
In 2007 the Denton City Council agreed to allow RED Development to recoup up to $62 million in costs from tax revenue connected to the Rayzor Ranch retail and and residential project it proposed to build. In 2014 the council increased the maximum to $68 million. Overlap with main Subsidy Tracker data: none.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
