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Scarborough/San Jacinto Preserve Flood-Prone Development Investment

Sector: Residential • Location: Houston area, Texas, United States

Source: Reduce Flooding

Project
Awarded

The Texas General Land Office (GLO) invested an undisclosed sum in a flood-prone development at the confluence of Spring Creek, Cypress Creek, and the San Jacinto West Fork. The investment was made through the GLO's School Land Board, which manages public school funds and seeks exceptional returns, sometimes investing in floodplain developments. The project involves over 5,000 acres sold by Ryko t

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Project Information

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The project “Scarborough/San Jacinto Preserve Flood-Prone Development Investment” is an infrastructure initiative in the Residential sector, located in Houston area, Texas, United States. Taiyo aggregates data on it from Reduce Flooding.

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Participants

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Description

Description

The Texas General Land Office (GLO) invested an undisclosed sum in a flood-prone development at the confluence of Spring Creek, Cypress Creek, and the San Jacinto West Fork. The investment was made through the GLO's School Land Board, which manages public school funds and seeks exceptional returns, sometimes investing in floodplain developments. The project involves over 5,000 acres sold by Ryko to Scarborough Houston/San Jacinto Preserve. The investment has raised concerns about conflicting mandates of the GLO to both mitigate flooding and maximize school fund returns, with no statutory requirement to reconcile these goals.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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