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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.