Kyle Considering Mixed-Use Entertainment Venue

Capella Commercial is trying to convince the City of Kyle to award it millions of dollars in incentives in exchange for developing a 45-acre mixed-use development. Capella says it will bring amenities, including a hotel, beer garden, amphitheater, dog park, pickleball courts and ponds with paddleboarding and kayaking. The company presented its plans to the town and hopes the town will consider a rezoning plan in a few months.

The Austin Business Journal says developers are seeking incentives for the project – codenamed “Project Two Step” in economic development discussions – in the form of a 15-year 50% property and sales tax rebate that is estimated to equal $14.3 million. City officials estimated that the project would bring $62 million in sales and property tax revenues to the city over a 20-year period.

Capella has developed Arena Tower near the Domain, River Place Medical Center, Pflugerville Crossing and more.