The developer of the future Aldea SmartCode project in West El Paso is seeking a Chapter 380 incentives agreement for construction of a freeway overpass adjacent to the property.
A new overpass is planned at Interstate 10 for Mesa Park Drive, the main thoroughfare that will take I-10 commuters into and out of the 196 acre Aldea development. Mesa Park will cross I-10 about three quarters of a mile north of Executive Center Boulevard.
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The new Mesa Park Drive overpass is denoted here by a green arrow. The new interchange will provided access to the Aldea El Paso project on the West Side. (Schematic: City Council Agenda) |
The agreement would provide Geltmore, LLC, the developer, with incentives in the form of rebates on the City's portion of sales and use tax. The incentive could total between $3.7 million and $4.7 million, depending on the cost of construction. The rebates will be calculated on sales by retailers within the Aldea development.