Partnering for Growth: Brookhollow Estates

The Town has entered into a partnership with Marathon Properties to develop 115.5 acres east of Caleb Village. It is a type of P3 development in which the town gains residents and commercial development plus infrastructure while Marathon, our partners, fulfill their mission and make a profit.

"Brookhollow Estates Concept Plan"

Here is brief overview of how this partnership is expected to work. The property is to be sold to Marathon for approximately $200,000. The next part of the deal is development fees. Development fees are used to ensure adequate infrastructure resources for future maintenance and replacement. The fees the first part are approximately $500,000.

Stages 1 & 2 of "Brookhollow Estates"

The amount the remaining stages are expected to generate are unknown at this time because plans have not yet been submitted. The monies are kept in relevant reserve funds and are not put into general revenues.

This is not where the generation of wealth stops for the Town. Marathon Properties is also developing the relevant infrastructure for the development including: water, sanitation, gutters, curbs, sidewalks, and asphalt paving. The expected value of the infrastructure development is millions of dollars.

This is, generally speaking, how the development is expected to go and how the town will grow. There are still a lot of issues to be sorted out but this is a brief overview.