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Committee reviews proposed 1,854‑acre Terrea Cholo annexation, staff recommends tax‑increment reinvestment
Summary
City staff presented a proposal to annex about 1,854 acres in southeast San Antonio for a mixed‑use development financed in part by a 25‑year tax‑increment reinvestment structure; councilmembers asked about infrastructure, schools and affordable housing. The committee voted to refer the proposal onward.
City staff presented a proposal on Feb. 7 to annex roughly 1,854 acres in southeast San Antonio and create a tax‑increment reinvestment structure (TIRSO/TIF-style financing) to support a mixed‑use development, and the City Council committee voted to refer the proposal for further consideration.
The presentation described the Terrea Cholo site as southeast of the Loop 410 interchange, within Council District 3 and Senate District 21. Staff said the development proposal would include single‑family and multifamily housing, commercial and industrial areas, business parks, and open‑space corridors. Staff reported a total development cost of…
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