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Council approves reassignment of downtown hotel tax rebate amid objections over process
Summary
The council approved, 4-1, a transfer of an existing downtown tax-incentive agreement that reimburses most property taxes on the Courtyard by Marriott at 724 South Polk. Some council members and citizens objected to the way the assignment was advanced through the tiers board and requested clearer procedures for future transfers.
The Amarillo City Council voted 4-1 on Oct. 14 to allow the transfer of an existing tax‑increment/tier incentive tied to the Courtyard by Marriott downtown (724 South Polk). The assignment moves the remaining portion of a long‑running property‑tax rebate agreement to a new owner/operator entity.
Why it matters: The incentive — originally approved in 2008 and previously reassigned in 2021 — grants a high-percentage rebate of municipal property taxes for a set term and was designed to support downtown hotel development adjacent to the convention center. All property‑tax rebates already paid under the agreement were not at issue; the vote…
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