Commercial Reinvestment
Building Community
Status Indicators: Proceeding as Anticipated | Monitoring Progress | Reviewing for Improvement | Information Unavailable
Status Indicators:
Proceeding as Anticipated
Monitoring Progress
Reviewing for Improvement
Information Unavailable
Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the Fiscal Year. The City’s Fiscal Year runs from October 1st – September 30th and is denoted by FY. CY denotes Calendar Year.
This data is private development driven and therefore staff has little control over the forecast.
In the 4th quarter, 68 commercial reinvestment permits were issued:
- 23 in July totaling $8,111,478
- 24 in August totaling $6,068,978
- 21 in September totaling $5,708,347
Total commercial reinvestment permit value for the 4th quarter: $19,888,803.
Total commercial reinvestment permit value for Fiscal Year 2019: $79,084,260.
For Fiscal Year 2019 year-end, commercial reinvestment permits values total $79,084,260; 86% of the City's target for the fiscal year ($91,998,670).
With commercial reinvestment permit values not meeting or exceeding the 100% threshold of the fiscal year goal, this measure is evaluated red for below target.
This measure tracks the dollar value ($) of all permits for the addition/alteration of commercial properties.
Performance better than or equal to the three-year trailing average.
Addition/Alteration permit values are representative of real property investments going into redevelopment of commercial real estate in the City. The measure denotes value being reinvested into the community to maintain or improve property.
Contact Information
City of Sugar Land
2700 Town Center Blvd. North
Sugar Land, TX 77479
Office of Strategic Initiatives
Contact (281) 275-2198
www.sugarlandtx.gov
[email protected]