Liberty Hill Economic Development Corporation to Purchase Vital Parcel to JumpStart Downtown Revitalization Land Purchase Earmarked as the Gateway to Making Downtown a Destination

Liberty Hill -------July 21, 2023 ------ At the Tuesday, July 11th Liberty Hill Economic Development Corporation (LHEDC) Board meeting, then subsequently at the Wednesday, July 12th City Council meeting, the contract for the LH EDC to purchase 1.51 acres near the intersection of Main Street (Loop 332) and Myrtle Avenue, directly behind Veteran’s Memorial Park, passed unanimously. The due diligence period started July 18 with an expected closing date of September 29, 2023. Funded with LHEDC Sales Tax dollars, the actual price and more details of the transaction will be forthcoming after the closing.

LHEDC Board President, Tiffany Stillwell, states, “The City of Liberty Hill Council and staff, the LHEDC and the City’s Downtown Revitalization Committee believe that to have control of this parcel to develop ourselves, or to use as an incentive to entice outside developers is the stake in the ground we need to further jumpstart downtown development”. She adds, “The community has spoken through our comprehensive planning process that will get further defined by a specific Downtown Plan conducted by Halff & Associates. The desire to make Downtown a walkable destination with the ability to dine, shop or stroll is what they want to see happen”.

Paul Brandenburg, City Manager, also said, “It was extremely important for the LHEDC and the City to pursue this property to serve as a catalyst for Downtown redevelopment and much needed retail, dining, and entertainment opportunities for the community. This project will entail a public/private partnership that allows the City to control and shape the destiny of Downtown as a vibrant core that will become a destination for everyone.”

LHEDC is a type B corporation, and by State Law is allowed to use their reserves to purchase land to benefit the community. Two of the main goals of this corporate designation are to provide jobs for the citizens of Liberty Hill and to increase the tax base. The development of this downtown property is expected to do just that.

About LHEDC

LHEDC is a Type B Corporation set up by public vote in 2008. A portion of the sales tax collected in the City of Liberty Hill goes to support the corporation’s operation and as a potential incentive source for incoming projects and further community development. All projects considering Liberty Hill, or existing business in Liberty Hill considering an expansion, will be individually vetted after meeting certain criteria requirements. These may include but are not limited to the number of jobs created, average salary of those jobs, capital investment, amount of new taxes generated and project sustainability.

For more information, press only:

Mary Poche’

Director of Economic Development

Liberty Hill Economic Development Corporation

512-966-2525 (cell); mpoche@libertyhilltx.gov