My early recommendation in 2007 was that Rowlett buy Robertson Park, financed by revenue bonds. As land was sold to developers, the proceeds of sale were used to retire the bonds. However, most important in my vision was the solicitation of a excellent developer to use their experience to guide Rowlett thru the minefields. I did not think it wise to have inexperienced staff or elected officials engage in planning something as sophisticated as what Robertson Park would become. I still feel that way. Real Estate development, as extensive as Robertson Park will become, is not for amateurs. It's a high risk, screw it up and it's going to cost you a lot of money, type of endeavor. It is for experts; not lightweights.
What is coming down is very similar to my vision. Rowlett has "teamed up" with Kent Donahue, a well know and successful developer that has been doing real estate deals around the LBJ-North Tollway-Preston Road area. This is one of the areas the "big kids" hang out.
I like this deal better than my original idea. First, Rowlett doesn't have to engage in revenue bonds, debt structure, and the added burden of being a real estate developer, which they know little about. Instead, Rowlett moved the developer to the front, avoided the financing needs, agreed to annex the land, and still picked up the needed and sophisticated expertise.
I haven't taken Robertson Park off my bucket list, yet. But, I'm holding the eraser. Being a real estate analyst, I am much more excited about Robertson Park than the casual observer. The potential is enormous.