TIRZ Center City | City of Amarillo, TX

City of Amarillo, TX

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The Center City Tax Increment Reinvestment, Zone 1, is in Amarillo's downtown district serves to attract investments and enhance infrastructure through a unique financing mechanism. By capturing increased tax revenues from new developments, it reinvests these funds into public improvements and projects within the zone, driving economic growth and revitalization.

Meeting Information

2nd Thursday of each month at noon (If there is no New Business the meeting will be cancelled)
City Hall, 601 S Buchanan St, Third Floor, Room 306

Agenda & Minutes

Center City TIRZ 1 Agendas are available prior to meetings. Minutes are available and posted following approval.

◼ Click to view Agendas and Minutes

Board Members

Member	Appointed by
Dean Frigo, Chair	Amarillo Hospital District
David Woodburn, Vice Chair	Amarillo College
Amy Rainey	City of Amarillo
Gary Jennings	City of Amarillo
Tom Warren II	City of Amarillo
John Coffee	Potter County
H.R. Kelly	Potter County
Melinda Powell	Potter County
Kimberly Warminski	Panhandle Groundwater Conservation District
Steve Trafton	Amarillo Independent School District

Appraised Taxable Value 2023	$292,660,325
Appraised Taxable Value 2006	$139,500,000
Difference	$153,140,539
Average Annual Increase	$9,008,267

TIRZ funds are reinvested by the city into downtown infrastructure and development projects.

Public Improvements

Infrastructure projects such as road improvements, sidewalk enhancements, street lighting, and landscaping.

Development Projects

Supporting development including new construction, renovation, or adaptive reuse of buildings.

Community Amenities

Enhancing public spaces, parks, and recreational facilities.

Business Incentives

Attracting businesses, encourage investment, and stimulate economic growth within the zone.

Historic Preservation

Supporting efforts to preserve and restore historic buildings and landmarks.

Goals

Hotel Development

Objective: Establish 1,200 rooms within walking distance of the city center over 30 years.

Estimated investment: $67 million (construction value).

Progress through 2023: 37.25% of the goal achieved, with 448 rooms completed, representing 98.36% of the investment ($65.9 million out of $67 million).

Urban Residential Development:

Objective: Introduce 2,100 new residential units within the TIRZ zone over 30 years.

Estimated investment: Minimum of $249 million.

Progress through 2023: 39% of the goal met, with 821 units completed, accounting for 18.78% of the investment ($46.76 million out of $249 million).

Office/Commercial/Retail Development:

Objective: Develop 1,625,000 square feet of office, commercial, and retail space over 30 years (approximately $300k square feet of retail only).

Estimated investment: $140.9 million.

Progress through 2023: 21.98% of the space completed, totaling 357,335 square feet, with 67% of the investment met ($94.5 million out of $140.9 million).

Ballpark/Family Entertainment Venues:

Progress through 2023:

The Pavilion at the Santa Fe Depot was inaugurated in August 2023, with a $786,000 investment. It's a 60,000-square-foot open-air facility located at 401 S. Grant near the historic Santa Fe Depot.

Hodgetown (multi-purpose event venue) opened in 2018.