Castle Hills area development receives funding boost from TERS 3 board approval

May 25, 2025 | Lewisville, Denton County, Texas


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Castle Hills area development receives funding boost from TERS 3 board approval
In a recent City Council meeting held on May 25, 2025, in Lewisville, Denton County, officials discussed important financial adjustments aimed at enhancing economic development in the Castle Hills area. The council is considering an increase in funds allocated for the city’s consultant, which will help manage the rising number of draw requests related to ongoing development projects.

The proposed changes are part of a broader economic development agreement that seeks to expedite payments to the developer without increasing the overall financial commitment. This adjustment is designed to facilitate quicker reimbursements, thereby supporting the growth and infrastructure improvements in the Castle Hills area.

The TERS 3 board had already approved this funding request earlier in the month, indicating a collaborative effort to streamline the development process. Mayor Pro Tem Patrick Kelly, who led the meeting in the absence of Mayor Gilmore, emphasized the importance of efficiency and inclusivity in the discussions, ensuring that all voices would be heard.

As the council moves forward with these considerations, the adjustments are expected to have a positive impact on the community, fostering economic growth and enhancing the quality of life for residents in Lewisville. The council's commitment to supporting local development reflects a proactive approach to addressing community needs and promoting sustainable growth.

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