Ordinarily it would be developers, not taxpayers, who foot the bill for streets, water lines and sewer lines in a brand new neighborhood. But King's Dominion will be the exception to the rule.
The City is out for bid on "water and sewer improvements" for lots 28 through 66 of King's Dominion, which is a couple blocks south of Martin Luther King Blvd and Northeast Loop 289. The City is getting the work done on behalf of the North and East Lubbock Community Development Corporation (which is a municipal corporation created by the City).
The idea is to make the area more attractive to a developer by absorbing the cost of new streets and utilities. It is not clear from the bid documents if the CDC has state or federal grant money to offset the cost. The City's budget has $525,000 set aside for the project this fiscal year.
Official records say, "Over the past 40 years, North and East Lubbock's population and housing stock have steadily declined." They also say, "The population declined by 53% from 1960 to 2000."
So, the city is taking on "infrastructure and other improvements to assist in the revitalization of North and East Lubbock."
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