Incentive LOI Planned for Builders Mark Redevelopment
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Description
The City Council will consider a non-binding Letter of Intent for the Economic Development Corporation to provide incentives to Windcrest PAD LTD for the Builders Mark redevelopment at I-35/Loop 410, supporting roughly $10 million in new commercial investment. Formal incentive agreement approval is expected after a 60-day comment period and subsequent WEDC and Council action.
Contract Details
Contract Amount
Almost $10 million (investment in property)
Vendor
WINDCREST PAD LTD
Agency
City of Windcrest, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 18, 2026
Contract Term
Non-binding Letter of Intent; incentive agreement to be finalized after 60-day comment period
Renewal Info
Initial incentive agreement to be presented to WEDC in April 2026 and to Council for approval after a 60-day statutory comment period; renewal or amendment terms are not yet specified.
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