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TERS board backs city incentives for Film Alley entertainment center
Summary
The Terrell TERS boards voted to approve a resolution recommending the city include a 10-year, 75% city maintenance-and-operations property tax participation for a Film Alley entertainment and event venue. The board's action also authorizes use of existing Hotel Event Center Fund revenues for several developer reimbursements and incentives.
The TERS (Tax Increment Refinance/Development) boards for Terrell voted to approve a resolution supporting an entertainment and event venue proposed behind Film Alley by Schulman Partners, including a 10-year arrangement that would return up to 75% of city maintenance-and-operations property tax revenues to the project.
City staff presented an aerial and site plan showing the venue behind Film Alley and described supporting public improvements, including a bridge across a drainage funded in part by a Texas Parks and Wildlife grant. The staff member said the planned park area is “not quite 1 and a half acres,” and outlined space for a playground, concert lawn and…
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