The Reinvestment Zone Number One (TIRZ) meeting held on February 18, 2025, in Eagle Pass, Texas, focused on the progress of development within the zone and its financial implications for the city and county. The meeting highlighted significant advancements in the development of 228 acres, with a commitment to complete this by May 2029.
Key developments include the sale of 80 acres in Team Housing and ongoing construction in the Empire Industrial Park. These areas have transitioned from agricultural use to taxable properties, which is expected to generate new revenue streams for both the city and county. The city will begin collecting 25% of the tax revenue, while the county will benefit from 100% of the sales tax and personal property tax from mobile units in the area.
The developer emphasized the collaborative effort between the city, county, and developers to ensure the success of the project. They expressed confidence in meeting the development goals ahead of schedule, reinforcing their commitment to the community and the economic growth of Eagle Pass.
Overall, the meeting underscored the positive trajectory of the TIRZ initiative, with significant developments already underway and a clear path to achieving the outlined objectives. The community can expect continued growth and increased tax revenues as these projects progress.