The city purchased the Spring Creek Campus property (now known as the College Station Business Center) in 2000 and 2001 with two purposes. First, to develop the city's next business park to recruit primary jobs including light industrial and manufacturing uses. Second, to protect existing greenways along Spring Creek as part of the Greenways Master Plan. Additional acreage was purchased for the electrical substation and the preservation of greenways north of the substation.

The Spring Creek Local Government Corporation oversees the development of this property. It has the power to acquire, own, and dispose of real estate subject to the approval of the College Station City Council. The corporation may also authorize improvements to real estate including basic infrastructure, streets, buildings and signage.

The corporation is governed by a board of directors appointed by the city council. The board consists of five directors: the mayor, two representatives from the Economic Development Committee, and two citizens with expertise that is beneficial to the corporation such as real estate or business park development, industrial recruitment, financing, etc.

All applicants must be a College Station resident and registered voter. College Station City Council reviews applications and makes appointments.

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