The City has historically utilized Tax Increment Reinvestment Zones (TIRZ) as a powerful vehicle to develop and redevelop qualified projects based on City goals and objectives. Tax Increment Reinvestment Zones help facilitate development and redevelopment projects, resulting in an overall increase in the value of the commercial property. Tax increment financing may be available to finance needed public improvements in the Texas Innovation Corridor.
The City has historically utilized Tax Increment Reinvestment Zones (TIRZ) as a powerful vehicle to develop and redevelop qualified projects based on City goals and objectives.