Developers behind Leander's lagoon project appear to owe millions to contractors

LEANDER, Texas (KXAN) -- A 78-acre site in Leander that was supposed to become a $1 billion mixed-use project centered around a four-acre lagoon sits empty today, nearly four years after plans for the project were first announced.

The Austin Business Journal reported that even though the development team secured final zoning and other approvals in 2021, the 78-acre site at the corner at Farm to Market Road 2243 and the 183A frontage remains untouched, devoid of the 1,600 multifamily units, hotel and one million square feet of commercial space that was promised. The city earlier this year terminated the $22 million agreement for incentives after the developer missed construction deadlines on the first phase.

Now, those who worked on the project appear to be unpaid, too, an Austin Business Journal investigation found. More than a dozen liens have been filed against iLand Development Group in Williamson County for work on Leander Springs and an eight-acre project on Anderson Mill Road that some companies said they did simultaneous work for.

Read the full story at Austin Business Journal.