SAN MARCOS CITY COUNCIL
The San Marcos City Council voted seven to zero, on the first of two readings, to approve an Economic Development Agreement with Midway Development, LLC for “Project Cat Tree,” which would involve a full-service hotel downtown operated by New Waterloo, at Tuesday’s regularly-scheduled meeting. The agreement would involve providing incentives in the form of partial rebates of hotel occupancy and sales taxes over ten years with a minimum capital investment of $40,000,000.
“This project is in line with councils approved strategic goals 20252026 in the Strategic Plan for Economic Vitality, promoting San Marcos as a destination by expanding and supporting responsible tourism programs and promoting local commerce,” said Christian Smith, San Marcos Economic and Business Development manager. “Although this site is located on Texas State University property, the council approved Downtown Area Plan Section B.4 does call for the attraction of a downtown hotel that provides multiple economic benefits and assets downtown to service visitors in San Marcos as well as the university.”
