BROOKS DEVELOPMENT AUTHORITY

Brooks Development Authority

"Preston Hollow Capital has been an excellent financial partner to Brooks City Base. We have worked diligently with the Preston Hollow team to craft financing that allows Brooks City Base to create ongoing and accelerated economic development on our campus. We look forward to sharing the success of this partnership with our community and across the country."

— Leo Gomez, President and Chief Executive Officer, Brooks Development Authority

Investment

$55 Million up to $95 million

Brooks Development

Hard Hat Closeup

Key Aspects

  • $55 million tax-exempt and taxable revenue bonds; up to $95 million permitted
  • 1,200-acre former campus of Brooks Air Force Base actively under redevelopment by the Brooks Development Authority
  • PHC closed on three tranches of debt meeting various needs of the BDA