Cedar Park Aims To Land U.S. Tennis Headquarters

CEDAR PARK, TEXAS — City council members on Thursday announced its aim to land a headquarters of the U.S. Tennis Association at an envisioned $1.5 billion mixed-use development on city land.

To that end, the city council authorized the signing of a memorandum of understanding with Indigo Ridge Partners and the US Tennis Association Texas to bring the tennis headquarters to the city. The plan includes a $60 million incentives package with Indigo Ridge partners that council will likely approve within 90 days.

City officials called the pending deal a "game changer," saying it tennis facility would anchor a mixed-use development that would serve as destination point for athletes and sports fans to stay, dine, shop and play.

“It’s a magnet for kids, the public and professionals," Mayor Corbin Van Arsdale said. "It attracts all kinds of investment in Cedar Park. It’s awesome. It’s exciting. It’s a big day for Cedar Park. I’m proud of our staff and our Council for scoring a major, Class A employment and leisure hub anchored by a prominent athletic headquarters move.”

The USTA Texas Tennis Facility is envisioned as comprising some 40 tennis courts, complete with six to eight indoor tennis courts, a stadium court and related amenities for training, development and competitions. It will be owned and operated by USTA Texas.

Indigo Ridge is a 155.05 acre tract located near the northwest intersection of RM 1431/Whitestone Blvd. and Sam Bass Road. Plans for the multi-phase project call for more than five million square feet of commercial and residential development including a proposed 1,600,000 sf of class A office space. City officials place its projected value in excess of $1.5 billion at full build-out, and said it will generate millions in property tax and new sales and hotel occupancy tax revenue while adding jobs to the local economy. The city expects to add new net ad valorem and sales tax revenues of $138 million over the first 20 years, averaging $6.9 million of net new revenues per year from the proposed Indigo Ridge development.

“With regional employment growth from companies like Dell, Google, Oracle and Emerson, and the massive nearby expansion by Apple, the USTA Tennis Center will be an added draw for future corporate relocations to Indigo Ridge” Mike Kennedy of Avison Young, the brokers for the project, said.

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