Oak Ridge North, Texas (February 2022) – The Oak Ridge North Economic Development Corporation (ORNEDC) has approved the construction of a new public works facility and various other citywide projects. The public works facility will provide approximately 20,000 square feet for the new public works facility and relocation of the police department. Other planned city projects include improvements of freshwater, wastewater, and drainage systems. In addition to the various infrastructure improvements, the project will also include park improvements including new play structures, benches, picnic tables, swings, and LED signage. The projects are scheduled to be completed over the next three years. Financing for all of the various improvements was provided by Government Capital Corporation, Southlake, Texas.
“Government Capital Corporation’s financing structure allowed the EDC the option for long-range planning of the various projects throughout the city,” commented Jordan Buras, Director, Oak Ridge North EDC. “Government Capital’s experience and knowledge in the unique financings structures available to Texas economic development entities was a great value to us.”
“I would like to congratulate Jordan Buras and the Oak Ridge North EDC on these various improvement projects,” stated Drew Whitington, Vice President, Government Capital Corporation. “This is a great example of leaders taking action to facilitate growth and provide more opportunities for their community.”
About Oak Ridge North EDC
Oak Ridge North is located in south Montgomery County and with quick access to all the amenities and resources of the greater Houston area. Oak Ridge North Economic Development Corporation is a citizen volunteer group appointed by the Oak Ridge North City Council. ORNEDC is a type B economic development corporation, and its main focus is to increase the quality of life for the community through richer job opportunities that come from commercial development, diverse options in retail, restaurant, and service providers, and investment in the community that will maintain the high standards our residents have enjoyed for years. To learn more, visit www.oakridgenorthedc.com
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4.8 billion in Texas and across the country. For more information, visit www.govcap.com