Why is the City considering putting money toward this project?

The Historic District is one of the top priorities of our City Council and extremely important to our residents and our history. Projects like this are expensive and complex. The City and developer will be maximizing the use of a variety of financial tools, including the Sugar Land Development Corporation, funded by a quarter cent sales tax restricted for economic development purposes, state historical tax credits, General Fund, and private financing to meet the vision for the site.

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1. Is this a city-led project?
2. Why is the City considering putting money toward this project?
3. Why is this redevelopment happening now?
4. How many apartments are being proposed within the Imperial Historic District?