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City Park, Houston
City Park is a development in Houston, Texas, United States that encompasses the subdivisions of City Park and City Park West. The neighborhood, consisting of 1,500 houses, is on a tract along Orem Drive, between Texas State Highway 288 and Almeda Road.〔Colley, Jenna. "(Public + private = City Park )." ''Houston Business Journal''. Friday September 20, 2002. Retrieved on March 12, 2010.〕 City Park, located along Sims Bayou, is centered at the intersection of Kirby Drive and West Orem Drive.〔"(General Plan )". ''City Park''. Accessed October 30, 2008.〕 Jenna Colley of the ''Houston Business Journal'' said that the subdivision is one seven-minute drive away from the Texas Medical Center.〔
The City Park subdivision homes are built by K. Hovnanian Homes. The companies that build City Park West subdivision homes include Lennar Homes, Legend Homes, and Gehan Homes.〔"(Builders )." ''City Park''. Retrieved on November 26, 2008.〕 The development is also slated for a park in addition to its many walking trails and playgrounds.〔"(Amenities )." ''City Park''. Accessed October 30, 2008.〕
==History==
In April 2002 Sam Yager Jr., the president of Sam Yager Inc., a land management company, approached City of Houston planners with the proposed City Park project. During that year planners from the City of Houston and Harris County agreed to enter a public-private partnership to facilitate the development of City Park on then-vacant land. At the time Orem Drive did not extend eastward to Texas State Highway 288, nor did it extend westward to Kirby Drive. The city and county agreed to build separate extensions of Orem Drive. Al Haines, the chief administrative officer of the City of Houston in 2002, said that the City Park project caused the city to prioritize the extension of Orem Drive. The Houston City Council agreed to create a municipal utility district (MUD) designed to reimburse the costs of the utility infrastructure construction. Yager said that the City Park project would have been too expensive to implement if the MUD had not been created. The City of Houston participated in the City Park project to provide jobs, lower housing prices, and encourage the development of retail businesses in the surrounding area.〔
The subdivision, built on former farmland, was intended to provide living space for people who work in the Texas Medical Center and Downtown Houston. The project had a cost of $250 million. Upon completion the nearly 1,500 houses within City Park were to be priced between $70,000 and $140,000. The project was Yager's firm's first project within the City of Houston limits. Yager's firm managed the project, as Parkside Homes was the home builder. Yager's investors, which did not receive any tax abatements included GBF/LIC 288 Ltd and Lumbermen's Investment Corp. The City of Houston expected $1.5 million in revenues within seven to eight years of the development of City Park. Haines said that market forces would determine whether City Park is financially successful.〔 In 2005 the price range of houses in City Park was between $90,000 ($ in current money) and $140,000 ($ in current money). During that year ''Business Week'' said that in City Park "sales are strong, even though the lots and homes are much smaller than those for comparable money in the exurbs, and they are in the Houston Independent School District, which some young families want to avoid."〔"(Living Too Large In Exurbia )." ''Business Week''. October 17, 2005. Retrieved on March 12, 2010.〕 After the developers of City Park had announced their plans, other developers wishing to create subdivisions in southern Houston began including the creation of MUDs in their plans.〔Sarnoff, Nancy. "(Land rush surges on south side )." ''Houston Business Journal''. Friday November 1, 2002. Retrieved on March 12, 2010.〕
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