Get ready for a new Smoothie King in DeSoto! City leaders just approved a deal that's expected to bring in over a million dollars and create jobs for the community.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days, 3 the 60 before, 6 the 90 before that.
The plan involves potential use of tax increment reinvestment zones, which could impact the general fund by freezing base property tax values.
Local businesses and developers in designated districts.
The general fund may see reduced tax revenue growth during the term of the TIRZs.
The city is considering a new plan to divide DeSoto into eight economic districts to spur growth. Residents and council members are debating whether this is the right approach or if it might spread resources too thin.
DeSoto is applying for a state designation as a Cultural Arts District. This would help the city promote local arts and potentially open up new grant funding for community programs.
Discussions focused on potential real estate transactions and development initiatives, including the Hampton Road Corridor Redevelopment Initiative, which could shape future growth and infrastructure in the city.
The council received an update on CDBG activities for FY2025-2026. These federal funds are typically used for community development projects benefiting low-to-moderate income residents.
A lease agreement with the DeSoto Area Chamber of Commerce was approved, with some discussion about a draft document and the chamber's name.
The council discussed implementing homestead and veteran property tax exemptions. While these could save homeowners money, staff warned of significant potential revenue losses for the city, especially given its reliance on property taxes.
A site plan for a new office building was approved, adding commercial space to the city.
The city wants to talk to the DeSoto ISD about their land near the ARC at McCowan. The goal is to see if they're open to partnerships or selling the property to help with economic development and complement the ARC's master plan.
Matt Carlson, Economic Development Director, was recognized for his outstanding leadership and service to the city. He is transitioning from his role.
A new hotel is planned for the Crossroads Trade Center area. The commission reviewed the elevation plans for the project.
Consultants presented data from a survey aimed at understanding the local economy. This information will likely inform future economic development decisions.
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