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: 
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