SCHERTZ — A recent setback to the 90-plus acre Wiederstein Ranch project doesn’t have city leaders concerned at all, they say.
Five Star Properties, an Alabama-based development group, withdrew just ahead of the grand opening of EVO Entertainment’s multiplex, the new complex’s designated anchor, according to reports and town officials.
San Antonio developer Abiso Development has reportedly taken over a portion of the area at the northeast corner of Interstate 35 and Wiederstein Road, but their plans weren’t available by press time.
Schertz and EVO Entertainment representatives did not have answers as to why Five Star abandoned the undertaking.
Mayor Michael Carpenter said it is not unusual for the city to encounter sudden changes in development plans, citing the economic recession which halted the Sedona subdivision a few years ago.
Five Star personnel could not be reached for comment.
The group’s departure had some wondering about the status of the proposed 15,000-seat EVO Live amphitheater, but in an email to LOCAL Community News, EVO Entertainment CEO Mitchell Roberts said details are being sorted out and the company hopes to share news about the project “soon.”
Tabbed as a “landmark project,” the amphitheater could attract millions of visitors to Schertz, officials said.
The theater and entertainment portion debuted in early March.
Schertz officials remain optimistic.
“We are going to be OK,” said Councilman Cedric Edwards. “We’ve had so many things that we’ve turned down that turned into better opportunities. We are very patient with our economic development and capital improvements.”
Several months before San Marcos-based EVO’s announcement of its new movie theater and bowling center, Santikos Entertainment of San Antonio launched a similar project on another corner of I-35 and Wiederstein at Cibolo Crossing in neighboring Cibolo.
Officials said the latter megaplex could open this summer.