New town manager brings development know-how, passion to Flower Mound
At the November 19, 2012 town council meeting, the Flower Mound Town Council sent strong signals to the development community.
First, they voted to hire Jimmy Stathatos, the town manager of Roanoke who led an aggressive and successful economic development campaign that grew that town’s tax base from from $99 million in 1998 to $1.7 billion in 2011 and generated $10 million in sales tax.
Second, they unanimously approved a new mixed-use zoning package for the 150-acre Lakeside DFW.
The hiring of Stathatos is expected to play a major role in helping the ambitious Lakeside DFW plan succeed. Stathatos is credited with the creation of Roanoke’s impressive selection of restaurants on Oak Street.
Roanake’s population — with about one-eighth the population of Flower Mound — generated sales tax nearly equal to that of Flower Mound.
“Economic development is my top work strength and my passion,” Stathatos told The Dallas Morning News in November (click here for the story).
“The key is getting everyone on board and making sure we’re representing the town and the town council’s vision,” he said.
Stathatos also understands the importance of servicing the development community, an attribute developers say has been lacking in Flower Mound, according to a survey released in the spring of 2012.
But he didn’t ignore the concerns that kept Flower Mound from growing over the past decade.
“I know Flower Mound has very high standards, which is great,” he told the Morning News. “I want people to know that economic development and high standards are not mutually exclusive.”
He describes himself as approachable, transparent and a consensus builder. He said he thrives on teamwork. “I really care,” he said. “That approach guides me.”
“He can walk away saying he left Roanoke better than he found it,” Roanoke mayor Scooter Gieisch told the Morning News. “Roanoke has been blessed by his accomplishments.”