Marshall weighs major Millbrook housing TIF deal

The Marshall Brownfield Redevelopment Authority is considering a Brownfield Housing TIF agreement with Millbrook of Marshall, GCC 550 Hughes, LLC to support a $219 million, 994‑unit residential project. The developer would be reimbursed up to about $86.4 million in eligible infrastructure, site, and housing gap costs over roughly 30 years of tax increment capture, with a 20% pass‑through to local taxing jurisdictions and a commitment to attainable workforce housing. City Council approval of the development agreement is being recommended.

Scope & details

The full contract record, as filed.

Contract amount

$86,395,000 in eligible activities reimbursed via TIF; estimated $219,000,000 total capital investment

Contract type

FINANCIAL_SERVICES

Contract term

Estimated TIF capture from 2028 through approximately 2057 (about 30 years of reimbursement plus up to 5 years LBRF capture)

Renewal date

2057-12-31

Renewal

Brownfield TIF plan runs until eligible costs plus 6% simple interest on specified costs are fully reimbursed and any Local Brownfield Revolving Fund capture is complete, subject to a statutory maximum duration of 30 years for reimbursement plus up to 5 years for LBRF. Plan is intended as a living document and may be amended for changes in scope or cost.

Document type

AgendaPacket

Source document

City of Marshall Downtown Development Authority/Local Development Finance Authority Agenda Packet 2026-07-23

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Marshall?

Millbrook of Marshall Gcc 550 Hughes Llc was awarded this financial services contract by City of Marshall, as recorded on July 23, 2026. The contract value is $86,395,000 in eligible activities reimbursed via TIF; estimated $219,000,000 total capital investment.

How much is the Millbrook of Marshall Gcc 550 Hughes Llc contract with City of Marshall worth?

The Millbrook of Marshall Gcc 550 Hughes Llc contract with City of Marshall is valued at $86,395,000 in eligible activities reimbursed via TIF; estimated $219,000,000 total capital investment, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Marshall Downtown Development Authority/Local Development Finance Authority Agenda Packet 2026-07-23 (AgendaPacket), dated July 23, 2026 from City of Marshall. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Millbrook of Marshall Gcc 550 Hughes Llc hold?

Millbrook of Marshall Gcc 550 Hughes Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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