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Council designates North Killeen residential reinvestment zone and updates abatement criteria
Summary
The council unanimously approved a large residential reinvestment zone north of Veterans Memorial and readopted updated tax-abatement guidelines to make residential development eligible for abatements under specified criteria.
KILLEEN, Texas — The Killeen City Council unanimously adopted an ordinance designating an approximately 7,064-acre residential reinvestment zone on the city’s north side and readopted amended tax-abatement guidelines that make single-family, two-family and multifamily development eligible for abatement consideration.
Planning staff said the reinvestment zone covers the city’s North Killeen revitalization area and additional territory north of Veterans Memorial Boulevard. The intent,…
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