Whether Public Improvement Districts (PIDs) are the right tool to manage the growth of new development will be the topic of a Kyle July 1 public meeting
Cities throughout the country have successfully been using PIDs for 30 years to assist in the creation of residential and commercial developments in a cost-effective manner. With several high quality mixed-use master planned communities in negotiation with Kyle, the city is preparing a formal policy to guide its use of PIDs.
In light of the challenges resulting from the badly executed PID at the Bunton Creek development, it’s important to explore the merits of this proposed policy. My perspective is that of a consultant whose firm has successfully assisted many communities with implementing PIDs and is currently working on more than 30 PID projects in Texas.
