DALLAS – March 1, 2022 – Coats Rose attorney Tim Green recently represented the developer in the creation of a 602-acre public improvement district (“PID”) and over-lapping tax increment reinvestment zone (“TIRZ”) in Crandall, Texas. The PID/TIRZ was created for the purpose of funding certain public infrastructure to serve Eaglecrest, an approximately 1,650-lot single family residential development. The PID/TIRZ will be used by the City of Crandall to provide up-front construction financing for the project.
Tim Green specializes in public finance throughout Texas, including particularly the creation of special purpose districts to finance public infrastructure. He has been involved in the development of thousands of acres of land for residential and commercial purposes, and the issuance of over $15 billion of tax-exempt bonds for the financing of public infrastructure.
About Coats Rose, P.C.
Coats Rose is a transactional and litigation law firm focused on development: the development of real estate, special purpose districts, affordable housing, business and private wealth. We provide legal counsel to businesses, governmental entities, corporate and high-net worth clients across the U.S. and internationally. For over 30 years, the firm has leveraged its vast legal experience to fulfill clients’ needs spanning real estate law, public finance, affordable housing and community development, construction/surety law, commercial litigation, government relations, intellectual property, mergers and acquisitions, securities law, tax, wealth planning and preservation. In addition to its headquarters in Houston, Coats Rose has offices in Dallas, Austin, San Antonio, New Orleans and Cincinnati. Learn more at www.coatsrose.com.