City Hall Roundup: Stonelake Capital Partners Withdraws Plans For Industrial Warehouse Near Dallas Megachurch
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A southern Dallas megachurch scored a huge victory in late February when Stonelake Capital Partners withdrew its plans to build an industrial warehouse on Wheatland Road.
Leaders of Friendship-West Baptist Church said the project represented environmental racism and would be detrimental to the neighbors and parishioners.
Although Stonelake already had the proper zoning for a warehouse, a civil court granted an injunction to temporarily halt construction.
Days after the legal ruling, church leaders and Stonelake issued a joint statement Feb. 29 saying they would work together on a future use for the property.
“Ultimately a warehouse is not what the community wants, and Stonelake does not desire to be in conflict with the community,” the statement reads, as reported by The Dallas Morning News.
Friendship-West Senior Pastor Frederick Haynes III and Stonelake managing partner Kenneth Aboussie said in the statement that they share a common Christian faith and concluded they “could accomplish more by working together than by working in conflict with each other.”
Incentives Approved For Retail Redevelopment on South Lancaster Road
The Dallas City Council approved last month a Tax Increment Financing development agreement with UCR Development Services LLC for the redevelopment of a 1.5-acre site at the corner of South Lancaster Road and Corning Avenue.
The site was previously occupied by the Lancaster-Kiest Branch Library. The Dallas Office of Economic Development is offering incentives of up to $1.78 million from the TIF District to serve as gap financing.
The funding will go toward site improvements and three buildings totaling about 11,640 square feet, designed to offer “high-quality, contemporary spaces suitable for retail, restaurant, and financial services tenants,” according to a City of Dallas newsletter.
“The $5.6 million project will breathe new life into a currently vacant lot, adding taxable value to the area,” the newsletter states.
