WICHITA FALLS, TX (KAUZ) - A new subdivision is coming to Wichita Falls. On Tuesday, city councilors annexed land for that project.
City leaders and realtors believe the city could benefit greatly from the additions. More houses could mean growth in the city's population.
"Cities like annexation because it allows growth of your community," City Manager, Darron Leiker said. "Both geographically and economically."
"A nice strong inventory of available properties makes a big impact on people's desire to move here," Hirschi Realtors Broker, Danny Steed said.
Leiker said it is hard to say what the result will be, noting a lot of people may just move from one location to another. But Leiker said it could mean growth and added that the Trophy Park subdivision is good for the city.
"In this particular subdivision, the first phase will include just under 50 new homes," Leiker said. "And in the future, that will increase quite a bit more. So this is good for the economy and the city."
Steed said he is encouraged by the development in Wichita Falls and believes others should be too.
"If we're building 150 to 200 homes a year, that would be awesome," Steed said. "I think it would make a huge difference in the economy and in so many things about what we want to do and what we want to see in Wichita Falls."
Steed said that a population growth of about three to five percent a year would be the best for the city's economy. The Trophy Park subdivision is not the only new development on the southwest side of town.
Another subdivision could soon have 22 more homes in the fourth phase of the Eagles Landing project totaling more than 175 news homes in that area.
City leaders made population growth one of their top priorities in this past winter's strategic planning meetings.