The Senior Living Campus Project is on hold due to newly discovered detail. NEISD is not going to approve a total tax exemption. NEISD notified the WEDC president shortly before the scheduled meeting to approve the project. Claim 1: Project will attract 937 new residents. Average income $42,000 yr which equals nearly $40 Million dollars. The resident are elderly and not expected to purchase things outside of Windcrest so that will generate about $4.4 Million in new sales tax. Fact Check False : Ok, new residents bring an average of $42,000/yr. Assisted living cost are between $2,000 and $4,000 per month. That along nearly wipes out excess cash for many of these new residents have to spend. Lets assume they have some excess cash. Most Senior Living facilities schedule shuttle buses to hospitals and local shopping malls. Windcrest has neither, so no sales tax dollars for Windcrest....
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