Is it time to re-examine the city of Houston's tax increment re-investment zones? The author of a new study out of Rice University's Baker Institute says yes.
The author of a new study on Houston's Tax Increment Re-investment Zones hopes his research spurs reform.
After analyzing documents and numbers for months, he said the zones are "absolutely not" functioning properly. "You built this great park, and now everybody wants to live in that area," Diamond said. "That pushes property values up in that area."Diamond said measuring the benefit of projects completed by TIRZ was one of the most challenging parts of the study. He said usage of the projects is not the only benefit. They often increase property values as well, like in the case of Memorial Park.
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