Private money should be early priority for plans

 Getting private investment involved early is crucial to the proposed North Downtown Plan and the Schulman’s Movie Bowl Grille-Bay City, economic development specialists said at a city council workshop last Thursday. 
   Presented by Ft. Worth-based David Pettit Economic Development, the workshop focused on what will attract developers to the proposed Tax Increment Reinvestment Zones (TIRZ) for both areas to an audiences of city council, city staff, a Bay City Community Development Corporation board member and BCCDC Executive Director D.C. Dunham. 
   Pettit’s firm is BCCDC’s consultant for the two plans.  
   Pettit gave a TIRZ presentation to large group in July and noted then how crucial private investment is. 
   Pettit’s visit last week provided more specific advice on what would drive both zones, bringing other development experts.  
   “Government infrastructure structures do not impress developers,” said Luke Harry, president of asset management for NE Development and Construction, based in Lewisville.  
   Harry’s experience includes directing multi-family housing for a nine-state HUD region with 14 offices. 

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