Prosper officials have taken the first step toward using an economic development tool to fund infrastructure and public projects along Dallas Parkway and in the downtown area. Town Council members unanimously approved a resolution Nov. 11 to set a public hearing for the creation of Tax Increment Reinvestment Zone No. 3.

What it means: A tax increment reinvestment zone, or TIRZ, allows a municipality to use a portion of future increases in property tax revenue to fund public improvements within the zone. According to town documents, TIRZ No. 3 would generally include property along Dallas Parkway from US 380 to Frontier Parkway and parts of the downtown area.

What’s next? A public hearing on the creation of TIRZ No. 3 is scheduled to take place Nov. 25, according to town documents.

From a gymnastics gym to a new gas station, check out these six business updates in Celina.

Now open
Grace Bridge
The nonprofit organization was originally founded in Celina but is based in Frisco. It provides food and clothing to those in need, and people can buy or donate used items such as clothes and furniture at the new Celina location.

QuikTrip
Convenience store chain QuikTrip is planning to open its first location in Celina, according to a sign posted at the property. The business will be located just off Dallas Parkway and Frontier Parkway at the northeast corner of the intersection.
 

Texas’ power grid will likely remain stable in December and January, recent reports from the Electric Reliability Council of Texas show. However, grid conditions could become tight if a winter storm hits large swaths of Texas, driving up demand for electricity.

The overview: ERCOT, which operates the electric grid for 90% of Texas, found in a Nov. 7 report that there should be “sufficient generating capacity available” to serve customers throughout January.

ERCOT forecasts that the tightest period this winter will be from 7-8 a.m. daily, when little to no solar power is being produced. During that time, ERCOT found the chances of a grid emergency are 1.81% in December and 1.4% in January.

More details: If a severe winter storm causes demand on the Texas grid to near record levels, there is a roughly 35% chance of a grid emergency in December and a less than 10% chance in January, ERCOT reported. Texans last experienced a grid emergency in September 2023, and the grid withstood three cold snaps in early 2025.