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Hundreds of downtown supporters and business owners urge county to restore full TIRZ funding; commissioners pause reconsideration
Summary
A broad group of downtown business owners, the Downtown Management District and other supporters urged commissioners to keep the county's contribution to downtown tax-increment incentives at previous levels; commissioners heard competing views and moved to table any final action until a countywide TIRZ policy is drafted and negotiated.
Dozens of business owners, property owners and the Downtown Management District (DMD) addressed the Nueces County Commissioners Court on Tuesday urging the court to restore or retain the county's previous 100% participation level in downtown tax-increment reinvestment zone (TIRZ/TIRS) incentives.
Speakers representing downtown businesses, arts organizations and property owners said TIRZ incentives have acted as a catalyst for private investment, credited the DMD with bringing $210 million in private development tied to roughly $20 million in incentive dollars and asked the county not to reduce its match. "Without the tourism (TIRS) money, a lot of those façade and building rehabs would not have happened," said Casey Lane, owner of the House of Rock, one of several downtown proprietors who said repairs and façade work were possible…
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