TIRZ Racks Up $500K; Downtown Projects Underway

Megan Moore

Amarillo, TX

Newschannel 10

Downtown Amarillo is looking at almost half a million dollars in projects and improvements.

The Tax Increment Reinvestment Zone has racked up almost $500,000 since its establishment in 2006.

Friday, as part of downtown's redevelopment, Center City Furniture on Polk Street put up its new Kress sign, which was partly paid for through TIRZ grants.

Incoming Center City President Jason Herrick says, "we have hopes for this entire, kind of poor, area to use some neat lighting projects and work with some business owners down here to make a really nice feel that's reminiscent of the 1950s lit streets everyone remembers as one of the best lit streets this side of the Mississippi."

And just down the street, another project is up and running.

Center City Executive Director Beth Duke says, "construction is going on for the fisk building, which will be a 108 room hotel by Courtyard Marriot. That will open next summer. At this time next year you'll be able to stay downtown."

West Texas A&M University is also planning on taking up more space in the Chase Building.

The city's planning director says he hopes a downtown convention hotel and more residential buildings will finally start coming together soon.