Alston Yards Development Agreement and Public-Private Partnership
Cary
Summary
The Town is reviewing a 46.3-acre mixed-use development agreement with Heritage Properties, involving $18.19 million in utility and general fund investments. Reimbursements for public infrastructure and fees are tied directly to new property tax revenue generated by the project over a 12-year period.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed May 28, 2026.
Impact analysis
Involves an $18.19 million municipal investment offset by projected new property tax revenues exceeding $1.87 million annually at buildout.
Future residents, local commercial patrons, and the developer benefit from coordinated infrastructure, greenways, and a passive park.
Mentions & discussions (1)
Related development
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