Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bass Pro topic
No spam. Unsubscribe anytime.
Garland TIF history: Bass Pro financing, bonds paid off and one final incentive scheduled
Summary
Matt Watts told the board the original TIF financed Bass Pro‑related land and parking with $25 million in bonds; he said the city paid off the TIF debt service in 2025 and that one last incentive payment (about $65,000) to nearby property owners is scheduled in the FY2526 plan.
Watts reviewed the district's origins, saying TIF 2 was created in 2004 to finance infrastructure around a Bass Pro project and that the city issued roughly $25 million in bonds to cover initial costs for land and parking. "They scheduled just interest payments upfront and balloon payments at the back... I can say we paid off the last debt service this year in 2025," Watts told the board.
Watts also said the project plan still includes a final incentive payment tied to Bass Pro and surrounding property owners; board members confirmed the last incentive figure mentioned in the meeting was about $65,000 and Watts said that payment is included in the FY2526 project plan, after which the original Bass Pro obligations will be complete.
