VAN ALSTYNE, Texas — The Van Alstyne City Council has approved a $16 million bond to upgrade water, sewer, and road infrastructure in preparation for anticipated commercial growth, officials said. With a 5% interest rate, the bond will total approximately $34 million in repayment by 2057.
City spokesperson Mike Shaw said the city has already held meetings about "a potential big commercial development just west of Highway 75 and north of FM 121." The bond funds will support the infrastructure needed to serve that site and future expansion to the north.
> "Part of this bond will help with the infrastructure for that — for water, for sewer — and that would carry north of that for even future development," Shaw said.
No construction timeline has been set, and the city is still evaluating which projects should take highest priority. Shaw emphasized that the city is working to ensure taxpayer funds are directed to the most urgent needs first.
> "As Van Alstyne continues to grow, we have to do the best we can to keep up with it," Shaw said. "To do that research to know we're putting money to the highest needs now, that's what we're trying to do — to make sure we're getting the biggest bang for our buck."
