Sapphire Bay project default
Summary
The Sapphire Bay project is officially stalled, and the city is stepping in. This default could change everything for the massive development planned on Lake Ray Hubbard.
At a glance
- Total mentions
- 0
- Last 30 days
- 0
Impact analysis
Taxpayers might be on the hook if the city has to clean up this mess, but it's too early to say for sure.
The city gets to regain control and potentially find a new developer who can actually finish the project.
Anyone who was hoping to live or work in Sapphire Bay anytime soon is out of luck.
Mentions & discussions (9)
New $12M hotel signals possible comeback for Texas megaproject
New $12M hotel signals possible comeback for Texas megaproject Chron
Rowlett sends default notice to massive Sapphire Bay project
Rowlett sends default notice to massive Sapphire Bay project The Real Deal
Rowlett Declares Developer In Default Over Stalled Sapphire Bay Project
Rowlett Declares Developer In Default Over Stalled Sapphire Bay Project Local Profile
Rowlett kills development agreement for billion-dollar Sapphire Bay project
Rowlett kills development agreement for billion-dollar Sapphire Bay project The Business Journals
City of Rowlett issues default notice over stalled Sapphire Bay
City of Rowlett issues default notice over stalled Sapphire Bay NBC 5 Dallas-Fort Worth
Crystal Lagoons’ manmade lake given another chance in $1B Texas mixed-use project
Crystal Lagoons’ manmade lake given another chance in $1B Texas mixed-use project Construction Dive
Rowlett announces new deal to restart stalled development with Crystal Lagoon along Lake Ray Hubbard
Rowlett announces new deal to restart stalled development with Crystal Lagoon along Lake Ray Hubbard Dallas News
City of Rowlett sues developer of $1B lagoon-anchored project
City of Rowlett sues developer of $1B lagoon-anchored project WFAA
Crystal Lagoon plan for Rowlett's $1B Bayside project won't hold water, developer says
Crystal Lagoon plan for Rowlett's $1B Bayside project won't hold water, developer says The Business Journals
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