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Pearland staff outlines proposed TIRZ amendment to use roughly $34 million for parks, library parking and road projects
Summary
City staff and Marsh Darcy Partners proposed Amendment No. 6 to the Shadow Creek TIRZ to fund land acquisition and park improvements (~$20M) and two street projects (~$14.06M); staff said the TIRZ has performed strongly (preliminary 2025 value estimate ~$4.2 billion) and estimated uncommitted capacity of about $48.9 million.
City staff and consultants presented a detailed history of the Shadow Creek Tax Increment Reinvestment Zone (TIRZ/TIRS) and outlined a proposed Amendment No. 6 at the Oct. 13 council meeting.
Alan Mueller (Marsh Darcy Partners) reviewed the zone’s development history and finance structure dating to the late 1990s, and staff described how the TIRZ has generated substantially more increment than originally projected. Staff reported a preliminary 2025 estimate of taxable value in the zone of about $4.2 billion and said projected remaining…
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