City, Perfect Game and SFA/SFM Move Forward with New Developer
Hutto, Texas - The City of Hutto has decided, together with partners Perfect Game, Sports Facility Advisory|Sports Facilities Management, to engage a new developer for the Perfect Game project in Hutto.
Perfect Game, SFA|SFM, and the City of Hutto jointly lost confidence in the previous developer, Wolverine Interests, LLC, and its ability to perform after they failed to close on the land needed for the project.
“The City entered into development agreements and a purchase and sale agreement with Wolverine, who failed to perform the financial activities needed to close on the land and produce a master plan that meets the tax revenues necessary for the City funding requirements, which are essential elements for the timely progression of the project ,” said Mike Shaunessy, attorney representing the City of Hutto.
“The City has taken legal action against Wolverine and will not be held hostage or extorted for cash by a group who clearly did not demonstrate the financial and intellectual capacity to perform on a project such as this. They just didn’t have the chops as they previously asserted,” said Odis Jones, Hutto City Manager. “The important thing to remember is the project is moving forward with a new developer who will be brought to City Council on September 12, 2019, “ added Jones.
“As a person that has been involved in these negotiations, I can attest that the statements and actions alleged by Wolverine in their counter claim regarding the City Manager Odis Jones’ actions and behavior during these negotiations are outrageously false,” said Tim Jordan, Executive Director of the Hutto Chamber of Commerce and Economic Development Coordinator for the Hutto Economic Development Corporation.
“It’s not uncommon for developments to undergo changes in developers, and while it is regrettable, the necessary change in the developer here ensures that Hutto will become one of the top scouting destinations in America and the community will have improved access to sports fields and a mixed use development that will improve the quality of life for our citizens,” added Jones.
“I am confident in our City Manager who has continued to keep this project moving forward despite roadblocks including securing the funds to buy the land after the original developer failed to do so, working with our legislature to secure the state’s portion of the hotel and sales use tax to apply to construction costs for the City’s first convention center and hotel as part of the mixed-use project anchored by Perfect Game as we strengthen that relationship, and now securing a new developer to keep the project moving forward,” said Mayor Doug Gaul.
The Perfect Game project, announced in April 2019 will bring $800 million in new private investment to Hutto, the single largest economic development deal in the history of Hutto.