|
PGA Village would be a
2861d acre development consisting
of:
Note: Plans for PGA Village and the taxing district
are changing. This page reflects plans and projections as of April 2,
2002.
A golf resort including:
-
2 golf courses and a
learning centerd
-
1 hoteld
-
4000 homes, condos, and apartmentsb
-
100,000 square feet of commercial
office spaceb
-
1100 acresa open space
A tax districta
-
The 2861 acre property will be a
"Special Use" tax district.
-
The developer will collect and keep all
sales taxes, property taxes, and hotel/motel taxes within the
district.
-
The developer may use the taxes to build
the hotels, golf courses, and homes; and pay itself
between $17,300,000 and $25,900,000d for the 865
acres of golf course landd.
-
The amount of taxes that will be
collected over 13d years is estimated to be between
$51,700,000 and $61,300,000d.
aSource: booklet distributed by developer, Cibolo Canyon Resort Community, August, 2001.
bSource: San Antonio Express-News,
March 10, 2002.
c Source: San Antonio Express-News,
March 17, 2002.
d Source:
City of San Antonio Fact Sheet, distributed at public meetings held in
each council district, April 2, 2002.
|
|