The River Walk developer to hold community meetings

Centurion American Development Group, the developer of The River Walk at Central Park in Flower Mound, will host two meetings to present and discuss the proposed mixed-use project with area residents.

The format for both meetings will include a presentation by Centurion President and CEO  Mehrdad Moayedi, followed by a question and answer session in which residents can engage in discussion with the development team.

The first meeting will be held this Thursday, June 13, from 7-9 p.m. at Salerno’s Restaurant, 3407 Long Prairie Road, Flower Mound.

A second meeting will take place on Wednesday, June 19, from 7-9 p.m. at Trietsch Memorial United Methodist Church’s Family Life Center, 6101 Morriss Road, Flower Mound.

One of the items that has generated the most public discourse is the proposed creation of a Municipal Management District (MMD) to help fund the project.

MMD’s are special taxing districts created through the state that are self-governed and can provide infrastructure and other services through the issuance of bonds, special assessments, property taxes and impact fees.

The Flower Mound Town Council voted 5-0 at their April 15 meeting to express support for the creation of a MMD at River Walk.  The bill was not approved by the state legislature in the regular session.

“The council and staff in its entirety believe the Municipal Management District is a valuable tool and has the potential to greatly enhance the Riverwalk without posing any burden on the current taxpayers of Flower Mound,” said Mayor Tom Hayden in a letter to State Sen. Jane Nelson and State Rep. Tan Parker, urging them to lobby Gov. Rick Perry to add the MMD proposal to the special session now underway in Austin.

If approved by the state, the town can approve or deny a development agreement consenting to the creation of the MMD.

The River Walk at Central Park is expected to include retail shops, restaurants, entertainment venues, an amphitheater, hotel, an office building, townhomes and apartments.

If You Go:
When: Thursday, June 13, from 7-9pm
Where: Salerno’s Restaurant, 3407 Long Prairie Road, Flower Mound (Parking at Regions Bank, north of the restaurant)

When: Wednesday, June 19, from 7-9pm
Where: Trietsch Memorial United Methodist Church, Family Life Center, 6101 Morriss Road, Flower Mound