The adjustments to the taxing district boundaries were part of the public financing deal the City Council agreed to for a new downtown ballpark.
A special downtown taxing district just got larger, and will be in place an additional 30 years, in order to finance a $160 million ballpark for the San Antonio Missions . To make that happen, the mayor and City Council agreed to cut into one of the city’s poorest taxing districts, the Westside Tax Increment Reinvestment Zone .
tentatively approves selling downtown land for baseball stadium The Houston Street TIRZ will gain 17 parcels, which were previously part of the Westside TIRZ. Both of the taxing districts will now expire in 2060. Until then, any city property tax revenue collected above the base taxable value of each TIRZ, known as the tax increment, will be used to reimburse developers for upgrades and other public improvements within these districts.
An embarrassment’: San Antonio loses out on $20M in tax credits for affordable housing Graciela Sánchez, who leads the Esperanza Peace and Justice Center on the near West Side, told council that removing the 17 parcels would cause the West Side TIRZ to “lose out on these millions of dollars that can and should be used for our community, and not to line the pockets of an already well-funded TIRZ and private developers.
San Antonio Missions Westside TIRZ Westside TIRZ The Westside TIRZ SAISD San Antonio TIRZ Teri Castillo Weston Urban Jalen Mckee-Rodriguez John Courage Ron Nirenberg Adriana Rocha Garcia Graciela Sánchez Graham Weston Missions Sánchez Randy Smith Walsh Houston Street West Side District 9 The Houston Street TIRZ District 5 District 2 Houston Street Tax Increment Reinvestment Zone San Pedro Creek Culture Park Fox Tech High School San Antonio Soap Factory Apartments Esperanza Peace And Justice Center Westside Tax Increment Reinvestment Zone
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