In July, 2003, the Rockwall City Council took the first step forward in the creation of a landmark facility for the City of Rockwall, which will address a number of needs in the community. One of the goals of the City Council has been to address the need for a permanent location for residents to enjoy the shoreline of Lake Ray Hubbard, which is one of the significant features that gives Rockwall its identity. Most of the shoreline has been developed without public access to the lake and this development will not only provide needed access but also accomplish that goal in conjunction with a premier commercial and entertainment district.
The last remaining commercial area on Lake Ray Hubbard in Rockwall, located south of I-30 along the lake, will be the site of a development by Whittle Development, which will include a new 12-screen cinema, an upscale full service hotel and civic center, shops and restaurants, and offices. The City of Rockwall plans to construct public boardwalks, fountains, plazas, pedestrian walkways and other amenities, which will provide opportunities for public activities such as the Concert on the Lake series and other entertainment events.
These improvements will provide residents with a permanent public open space from which to enjoy the lake and the activities that will be planned along the lake, while creating a unique space for visitors and residents who want to visit the shops and restaurants that will be located in the development. The entire project, including the public and private components, will be located within a Tax Increment Financing District. The new property taxes and the new sales taxes that will be generated within this district will fund the costs of the public improvements.