The East Montgomery County Improvement District (EMCID) recently announced it has secured over $159 million in bond proceeds to bring a 210,000-square-foot convention center and parking garage to Valley Ranch Town Center in New Caney, Texas. The facility will include event, meeting, and exhibit space, along with plans to construct a connected full-service hotel in the future.
Hunden Partners provided market and feasibility analysis for the project and identified strong demand for multi-use space in the Greater Houston area. Over the next 30 years, the project is expected to generate $1.73 billion in economic impact, hundreds of new jobs, and substantial sales, hotel, and venue tax revenues for the district.
Congratulations to EMCID and its partners as they move forward with this transformative development.
Bluebonnet News December 21, 2024