The developer of Co-Op Marketplace at 210 S. Castell St. asked New Braunfels’ economic development corporation for five more years to complete improvements tied to a public grant agreement.
For residents, the request would lengthen the timetable for improvements at a project tied to as much as $4.5 million in public grant funding. The Sept. 9 letter from 210 S. Castell LLC seeks changes to agreement NB25-024; it does not establish that the corporation approved them.
From the source record
The applicant asks to move the improvements deadline from December 31, 2026, to December 31, 2031.Sept. 9 project extension letter ↗
What the developer wants changed
The letter identifies a Dec. 31, 2026 deadline for completing improvements under agreement NB25-024. It asks to move that deadline to Dec. 31, 2031. The applicant also seeks to move a $7.5 million taxable-value threshold to 2031 and a $13.1 million threshold to 2032 and subsequent years. Those figures describe requested project benchmarks, not additional grant payments.
The applicant says the agreement’s $4.5 million grant cap and public-access covenant would stay in place. The requested change therefore concerns when improvements and taxable-value benchmarks would be due, while leaving those stated terms intact. The developer’s explanation for the delay is its account of the project, not an independent finding about construction progress or grant disbursements.