The Marco, a mixed-use development modeled after an Italian village, has received approval from the town of Prosper.
In a nutshell: Plans for the development include a lagoon, canals, corporate offices, shopping, a theater, up to two hotels and a variety of housing options, according to town documents.
What happened: Prosper Town Council unanimously approved a rezoning and planned development for the project at an Oct. 27 meeting.
The local impact: The Marco represents an estimated $2 billion investment, a project representative said.
Quote of note: “This is a very important project, the biggest in the town’s history, so we want to get it right," Town Manager Mario Canizares said.