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.
- CONTACT INFORMATION
-
For inquiries about available incentives and project qualification, contact:
Drew Brassfield
Assistant Director of Planning - 806-378-5241
- drew.brassfield@amarillo.gov
Interactive TIRZ Zone Map
Check out the interactive map for an overview of our Tax Increment Reinvestment Zones.
center city tax increment reinvestment zone (TIRZ 1)
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.
View TIRZ Meeting 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.