SPI EDC talks business retention

By ABBEY KUNKLE
Special to the PRESS

The SPI Economic Development Corporation (EDC) met last week for their regular monthly meeting to discuss potential projects as well as business development and retention on the Island.

The EDC recently formed three subcommittees, which include and a Designated Projects Committee, Business Development and Retention Committee and an Executive Committee. In regards to designated projects, the committee discussed options for spending the remaining $100,000 in the EDC budget. City Development Director Dr. Sungman Kim gave a presentation on the option to assist in funding for the 1.9 acre John L. Tompkins Park. He suggested funding be directed towards a splash pad, which is estimated to cost $218,000, one of two playgrounds at approximately $70,000 and $80,000, or possibly as matching funds to increase the chance of success for a grant application for phase two of the park.

A grant from the Texas Parks and Wildlife Department (TPWD) has already been awarded for phase one in the amount of $400,000 and the City plans to reapply for the grant for phase two. Although the committee wants to partner on the project, they felt that the allocation of funds was premature considering that the timeline for the park is unknown pending  TPWD approval. Other considerations for use of the funds were towards boat ramp and parking projects.

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