The Sapphire Bay project is officially stalled, and the city is stepping in. This default could change everything for the massive development planned on Lake Ray Hubbard.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days.
Taxpayers might be on the hook if the city has to clean up this mess, but it's too early to say for sure.
The city gets to regain control and potentially find a new developer who can actually finish the project.
Anyone who was hoping to live or work in Sapphire Bay anytime soon is out of luck.
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Rowlett Declares Developer In Default Over Stalled Sapphire Bay Project Local Profile