The city of Clear Lake is considering an amendment to its consolidated urban renewal plan that would allow it to provide up to nearly $1.5 million in financial incentives to two new commercial developments.
City Administrator Scott Flory briefly reviewed the unnamed developments, including a 47,000-square-foot commercial and retail space with related surface parking and a 6,000-square-foot commercial space, and incentives with the Clear Lake City Council Monday evening during its meeting.
City Administrator Scott Flory outlines two new commercial projects proposed in the city during the Clear Lake City Council meeting Monday evening. Ashley Stewart
The two projects would result in a developersâ investment of at least $8.5 million, including $7.5 million and $1 million, respectively.