23 Sep
2020

County talks PI, Island TIRZs

first_imgBy DINA ARÉVALOPort Isabel-South Padre [email protected] week after meeting with Cameron County Commissioner Sofia Benavides, officials from the City of South Padre Island once again stood before the County Commissioners’ Court to deliver a presentation on the City’s Tax Increment Reinvestment Zone (TIRZ).The City was taken to task two weeks ago when members of the Court questioned the City’s plan to make substantial changes to the TIRZ, which was originally created in 2010. Initially, the TIRZ was expected to generate half a billion dollars in revenue, however, that estimate has subsequently been reduced to approximately $198 million. As a result, previous plans for expanding the South Padre Island Convention Centre, as well as the development of a high rise, were ultimately scrapped.Instead, the City has focused on renovating the Convention Centre and making improvements to the infrastructure of Padre Boulevard. The City also sought to double the size of the TIRZ in the hopes of generating more revenue.With the City’s plans for the TIRZ seemingly out of alignment with those of the County, the Court urged City officials to meet with the County’s legal department, as well as Commissioner Benavides, who was appointed as the County’s representative to the TIRZ.The City heeded the Court’s advice, meeting with Benavides last Monday just before a special meeting of the City Council in order to iron out the wrinkles in the new proposals for the TIRZ’s size, finances and projects.Want the whole story? Pick up a copy of the Port Isabel-South Padre Press, or subscribe to our E-Edition by clicking here. Share RelatedCounty holds off on Island TIRZ participationBy DINA ARÉVALO Port Isabel-South Padre Press [email protected] Amid lingering questions about the new direction of the City of South Padre Island’s Tax Increment Reinvestment Zone (TIRZ) the Cameron County Commissioners Court voted unanimously to table potential action regarding the County’s involvement. Throughout the discussion Tuesday it was apparent that the…March 11, 2016In “News”Island gets update on TIRZ contributionsBy KEVIN RICH Special to the PRESS Prior to the Wednesday, Feb. 6 regular meeting of the South Padre Island City Council, the Board of Directors of the Tax Increment Reinvestment Zone (TIRZ) met to review their 2017-2018 annual financial report. Island Mayor Dennis Stahl introduced Cameron County Pct. 1 Commissioner…February 22, 2019In “News”County green lights TIRZ revisionsBy ABBEY KUNKLE Special to the PRESS Cameron County Commissioner Sofia Benavidez joined SPI City Council members as part of the Tax Increment Reinvestment Zone (TIRZ) Board for their meeting Monday afternoon. Benavidez gave her approval of the TIRZ interlocal agreement after the City addressed some of the County’s concerns.…March 18, 2016In “News”last_img

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