Marble Falls Economic Development Corporation

Tue
02
Jan

2017 banner year for Marble Falls

Contributed/Marble Falls EDC

This latest architectural rendering of the downtown hotel/conference center is a view looking up from Lake Marble Falls. In addition to a banner year for economic growth, signs of that continuing into 2018 include a probable late-summer groundbreaking on this project.

 

 

 

 

By Glynis Crawford Smith

The Highlander

Reports have been steady that things have been promising on the economic front in Marble Falls this year and the long-awaited downtown hotel/conference center seems to back on track.

“By just about every economic measurement, Marble Falls had a banner year in 2017,” said Christian Fletcher, executive director of the Marble Falls Economic Development Corporation in an end-of-year report posted online this last week.

In addition he said Thursday, Dec. 28, that the city's hotel/conference team has executed a term sheet with the operator.

Tue
04
Apr

Hotel/conference center coming into focus

Architect's rendering of the proposed Marble Falls hotel/conference center shows an entrance with an old-town feel for a new $26 million addition to downtown.

 

 

 

By Glynis Crawford Smith

The Highlander

A set of new renderings of the proposed hotel/conference center in Marble Falls reveal a concept compatible with newest additions to the city landscape.

The new renderings come from Seaux Pierce Architecture of Austin, the same firm that designed Market on H, Smartie Pantz at 204 South Main Street and the new Homestead at Mormon Mill apartment complex on Max Copeland Drive.

“They had been asked to look at exterior features on the hotel/conference complex to make sure it was compatible, that it looked historic,” said Christian Fletcher, executive director of the Marble Falls Economic Development Corporation.

Fletcher said the project's private partner, Novak Cobalt Partners, LLC, was so pleased with the work done and its timeliness that Seaux Pierce was brought on board as architect for the entire project.

Fri
09
Dec

Hotel flagship: Marble Falls Christmas gift?

Glynis Crawford Smith/The Highlander

Built of stone from Granite Mountain in 1888, the Brandt Badger House on Avenue M in Marble Falls is a Texas Historic Landmark. Owners are consolidating surrounding property into four large lots, but say they plan no development.

By Glynis Crawford Smith

The Highlander

The Marble Falls City Council acted Tuesday night, Dec. 6, to tie up one more detail necessary before final announcement of the hotel operater to be involved in the $25.3 million downtown hotel/conference center project.

The council and the EDC will meet again Dec. 20 to consider bonds for the project and, as EDC Executive Director Christian Fletcher has expressed the hope an announcement of the hotel operator would be a “Christmas present,” the identity of that flagship company could be close at hand.

The detail completed Tuesday by the council was approval of a five-year Hotel Occupancy Tax Reimbursement Agreement with Novak Cobalt Partners, LLC, for 50 percent of taxes collected from the hotel.

Fri
12
Aug

Marble Falls park survey offers prize drawing

By Glynis Crawford Smith

The Highlander

No matter where you are from, the Marble Falls Parks & Recreation Department wants your ideas for their facilities and programs.

An online survey is being conducted to collect the information that will make its way into the process going on to update the city's Park, Recreation & Open Space Master Plan. The document will help Marble Falls set priorities for parks, recreation facilities, trails and open spaces for the next 10 years.

As an incentive for the effort, those who complete the survey by Aug. 31 will be able to enter a drawing for a chance to win two VIP tickets to FiestaJAM 2016 to be held Sept. 23-24 at Lakeside Park and Pavilion or a 16GB Verizon iPhone 5s.

“Anyone who works or shops here or who just enjoys coming to Marble Falls is invited to take the survey,” said Monique Breaux, administrative assistant for Parks & Recreation. “The city takes everyone's views seriously.”

Tue
09
Aug

EDC releases $6.2 mil to hotel project

A downtown and waterfront area of Marble Falls is to become home to a $25.3 million hotel-conference center based on an agreement with Novak Cobalt Partners, LLC, developers. The Marble Falls Economic Development Corporation has alloted $6.2 million and land to the project.

BY GLYNIS CRAWFORD SMITH/THE HIGHLANDER

The Marble Falls Economic Development Board of directors on Wednesday, Aug. 3, committed $6.2 million to the $25.3 million waterfront hotel conference center agreement with Novak Cobalt Partners, LLC.

The action came after approval of the formal term sheet between the EDC and the developer for a 90-year lease of property between Lakeside Park and the Hampton Inn. The lease, with a purchase option after three years. Specified is a $200,000 annual lease payment, as well as an additional rent payment of 25 percent of annual room revenue exceeding $2 million.

Through a long process of EDC and stakeholder meetings and public forums, the project has evolved to the statement that became part of Wednesday's agreement for: “a select service level resort hotel of approximately 150 keys and adjacent full-service conference center, restaurant and bar” (approximately 16,000 square feet on two levels).

Tue
10
May

TTU West Texas vision includes Highland Lakes

GLYNIS CRAWFORD SMITH/THE HIGHLANDER
Texas Tech University (TTU) System Chancellor Robert L. Duncan addresses a group at the Frank Fickett Education Center in Marble Falls Friday, May 6.

By Glynis Crawford Smith
The Highlander
Texas Tech University (TTU) System Chancellor Robert L. Duncan made it clear last week that the Highland Lakes are a part of the TTU West Texas vision.
“Anything west of I35 is something we should be taking responsibility for,” Duncan said in a visit to the TTU regional teaching site at the Frank Fickett Education Center in Marble Falls Friday, May 6. “We are responsible to do what our taxpayers want us to produce—an educated workforce.”
To that end, a tour of the new Baylor Scott & White Hospital had been part of Duncan's visit, and he said: “That is a game changer.”
He spoke of the strength of Texas Tech's in preparing some 36,000 students through its Lubbock main campus, medical and law schools and regional campuses: “Texas Tech is one of the 'big boys,' now,” he said.
Fri
08
Apr

Final public forum on city plan set for Tuesday

By Glynis Crawford Smith

The Highlander

 

Citizens have one more chance on Tuesday, April 12, to review the work on a Comprehensive Plan Update for the City of Marble Falls.

An open house is set for 6 p.m. at Lakeside Pavilion, 307 Buena Vista Drive.

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