Total project costs are estimated at $215 million, according to a report from Lamar’s TIF Commission, including constructing several build-to-suit sites on the land. About $200 million of that would be paid by the investment firm and private investors, supplemented with TIF reimbursement of $14 million and $1.5 million given by the city.

The plan is estimated to create $58.6 million in net positive benefit for the affected taxing districts over a 23-year period by increasing the amount of taxable personal property.

Gilkey and another member of the board, Kent Harris, also raised questions about Daniels’ affiliation with another Texas door manufacturer, Trio Industries, that Calton acknowledged Monday has run into financial trouble.

Daniels said he left that company three years ago, selling his stock and resigning, but he didn’t provide any additional information about his role with Trio.

In response to questions, Daniels said Polymer-Wood is a new business that has never mass-manufactured a product before. And while Daniels said he has had conversations with representatives of the Ace and True Value companies, Polymer-Wood doesn’t have any current customers.

But the businesses and the city may not have to wait long to find out what happens.

Next meeting

A special meeting scheduled for 5 p.m. today brings an amended version of the TIF plan to the Board of Aldermen.

Calton would not go into detail about the new plan, but he said Gilkey and representatives from Polymer-Wood and Structured Equity Advisors have been involved. He said the investment company provides some degree of security to Lamar in the revised deal.

“I think both parties will be happy with this, but we won’t know until we vote,” Calton said.

Gilkey said he thinks the compromise might be something everyone can live with, but he said he isn’t assuming it will pass at today’s meeting.

“I think it will at least get a motion and a second,” he said. “I don’t know if it will pass. People keep forgetting that the council has to vote.”

‘They know’