\t\t\t\t\t\t\tTwo properties totaling 1.59 acres in Downtown Plano could be used for future redevelopment by the city.<\/p>\n
Plano City Council approved purchasing the land for $2.5 million at a meeting June 8.<\/p>\n
The gist<\/p>\n
Two properties along 14th Street were purchased because of their proximity to a decommissioned water storage tank owned by the city on North Avenue, per city documents<\/a>.<\/p>\n Plano Director of Media Relations Amanda McNew said plans for the land are not available yet.<\/p>\n The background<\/p>\n The purchase was approved by the city\u2019s Tax Increment Reinvestment Zone No. 2 board of directors at a meeting May 13, according to city documents. Funds for the purchase come from the 2025-26 Tax Increment Financing 2 fund budget.<\/p>\n The city currently has five active reinvestment zones, including along the DART Silver Line, at the Collin Creek redevelopment<\/a>, in the Legacy business area<\/a> and near The Shops at Willow Bend<\/a>. Some projects to come from the city\u2019s active zones include a mixed-use development at the former Collin Creek Mall and a new stadium for the Dallas Stars<\/a>, per previous reporting.<\/p>\n “><\/p>\n","protected":false},"excerpt":{"rendered":"Two properties totaling 1.59 acres in Downtown Plano could be used for future redevelopment by the city. Plano…\n","protected":false},"author":2,"featured_media":343407,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[122478,19044,122480,112690,1115,713,122477,122479,160,18650,162,161,115142],"class_list":["post-343406","post","type-post","status-publish","format-standard","has-post-thumbnail","category-plano","tag-14th-street-plano","tag-city-of-plano","tag-collin-creek-redevelopment","tag-construction-in-plano","tag-dallas-stars","tag-downtown-plano","tag-downtown-redevelopment-plano","tag-old-property-in-plano","tag-plano","tag-plano-city-council","tag-plano-headlines","tag-plano-news","tag-redevelopment-in-plano"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/343406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=343406"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/343406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/343407"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=343406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=343406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=343406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}