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Council approves project & financing plan for Burissi Village TIRZ No. 6
Summary
Council approved the project and financing plan for a 127‑acre Burissi Village Tax Increment Reinvestment Zone, setting participation caps and moving the development to the next step of interlocal and development agreement negotiations.
The City Council approved the project and financing plan for Tax Increment Reinvestment Zone (TIRZ) No. 6 — the Burissi (Bureesi/Barrissi) Village project — clearing a key step for a multi‑phase, mixed‑use redevelopment on about 127 acres.
Economic Development Director Arturo Marquez summarized the proposal as a phased, 10–12 year redevelopment that could include about 1,300 multifamily units across phases, more than 300 single‑family lots, a 100–120 room hotel, roughly 200,000 square feet of retail, plazas and a public golf/park component. Staff explained the statutory basis (Texas Local Government Code ch.311) and the financing model: the zone and project plan would allow reimbursement of public infrastructure outlays from the tax increment, subject to participation caps negotiated with partner jurisdictions. The staff presentation showed a combined participation cap of about $52 million across the city ($32M cap), the county ($13M cap) and Del Mar College (~$7M cap).
Council members asked about developer timelines and conditions that could trigger reconsideration; staff and the board report indicated the project board has already approved the plan and the next steps are finalizing interlocal agreements and negotiating a development agreement. Council approved the project and directed staff to continue negotiations with participating agencies.
