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Downtown manager urges commissioners to reverse cut to TIRZ funding, warns of stalled projects
Summary
Arlene Medrano, executive director of the Downtown Management District, urged the Nueces County Commissioners Court on Aug. 6 to reconsider its July 23 decision to reduce the countys contribution to the downtown tax increment reinvestment zone, saying the cut threatened 31 active projects and future reimbursements tied to agreements through Dec. 31, 2028.
Arlene Medrano, executive director of the Downtown Management District, urged the Nueces County Commissioners Court on Aug. 6 to reconsider its July 23 decision to reduce the countys contribution to the downtown tax increment reinvestment zone (TIRZ). Medrano said the agenda item lacked a fiscal-impact analysis, a timeline for implementation and did not account for how the cut would affect 31 development projects then underway. "Each of these agreements was made with the understanding that the county was a committed and reliable partner through 12/31/2028," she…
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