San Antonio: San Pedro Creek could spark developmentSan Antonio: San Pedro Creek could spark developmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=54262013-12-19T12:08:00Z2013-12-19T00:00:00Z

SAN ANTONIO - The San Pedro Creek redevelopment project, upon its full buildout in ten years, will create about 1,000 jobs and generate $148.5 million to $227.4 million in taxes, according to a fiscal study by St. Mary's University economics Professor Steve Nivin.

The $175 million project stretches from the San Pedro Creek's tunnel inlet behind Fox Tech High School to the waterway's confluence with Alazan Creek.

Bexar County has budgeted $125 million to fund the improvements, which will take 41 acres out of the flood plain, while another $30 million in right-of-way property is needed.

The City of San Antonio is expected to donate right-of-way along the creek, some $6 million to $8 million in property, said Suzanne Scott, general manager of the San Antonio River Authority.

“This could be the spark that really catalyzes development on the West Side, so you could get a full-growth development pattern across the core of the San Antonio metro area and Bexar County,” said Nivin. Construction will last for years, and will generate some 11,000 construction jobs.

Read more at MySA.com.

San Antonio-New Braunfels
Infrastructure & Transportation
http://www.mysanantonio.com/news/local/article/san-pedro-creek-could-spark-development-5072950.phpRead more at {Source}

 Search NewsTalk Texas