LAKEWAY, Texas, Nov. 13, 2014 /PRNewswire/ -- Rough Hollow Lakeway donated 12 acres to Lake Travis Independent School District (LTISD) for a future elementary school site. The estimated value of the land is approximately $1.1 million.
"It seems fitting to donate this land to something so near and dear to my heart," said Haythem Dawlett, general partner of the lakefront and award-winning Rough Hollow Lakeway. "I am happy to be able to contribute to the growth of our community and help accommodate additional elementary students."
The unanimous approval of the donation occurred at a regularly scheduled LTISD school board meeting on Oct. 21. A deed signing ceremony was held on Oct. 30 at the future campus site to commemorate the agreement. Attendees included LTISD, City of Lakeway and Rough Hollow Lakeway officials.
"This is a great day for LTISD," said Dr. Brad Lancaster, Lake Travis ISD Superintendent of Schools. "Haythem has a long history of philanthropic contributions which have directly impacted our students, our teachers and our schools. However, none is likely greater than this donation. It is a critical first step in a process that will ultimately help us meet our continued increase in student enrollment. We are very grateful to Haythem and his Charlotte-based, Crescent Communities partner."
A demographic report commissioned by LTISD and released in 2011 indicates enrollment is increasing by approximately 300 to 400 students—roughly 6 to 7 percent—annually. Since 2004, student enrollment has increased by 62 percent. Considering a high growth rate scenario, demographers estimate the District will be built out, or at full capacity, by 2025 with a projected enrollment of 18,000 students. In August 2014, Lake Travis schools recorded a total enrollment of more than 8,800 students. An updated demographic report is scheduled to be released in Spring 2015.
Contingent upon student growth and the successful passage of a future bond referendum, district officials project construction of an elementary campus in Rough Hollow may begin as early as 2018.
"I wish to thank Mr. Dawlett for his generosity to the City of Lakeway and the Lake Travis Independent School District," said Lakeway Mayor David DeOme. "Mr. Dawlett is an outstanding example of how a civic-minded citizen can make a very positive impact on the quality of life in a community."
About Rough Hollow Lakeway
Rough Hollow Lakeway is an 1,887-acre master-plan lakefront community that feels like a neighborhood with breathtaking hilltop views of Lake Travis and world-class amenities. Located just 25 minutes from downtown Austin, Rough Hollow offers the very best of lakeside living near one of the country's most dynamic cities. With a master-planned community and 15 award-winning builder partners that deliver homes priced from the $300s to over $3 million, Rough Hollow offers beautifully crafted homes suited to a variety of tastes and styles. Rough Hollow is served by the award-winning Lake Travis Independent School District, which includes Serene Hills Elementary School, Lake Travis Middle School and Lake Travis High School. Enjoy the Rough Life. For more information, visit www.roughhollowlakeway.com.
SOURCE Rough Hollow Lakeway