Amarillo Realtors Back TIRZ - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Amarillo Realtors Back TIRZ

In another step toward re-charging downtown Amarillo, the Amarillo Association of Realtors announces its members are supporting TIRZ.

TIRZ is the Tax Increment Reinvestment Zone in Downtown Amarillo.

The area covers about 300 square blocks of downtown.

Center City, an avid proponent of the zone, says that area is in the most need of help and they believe the realtors' decision to endorse the zone is pivotal.

The money from property value increases within the zone will be reinvested in that area of downtown.

The next step is persuading Potter County Commissioners to take part in the plan.  That should be announced on Oct. 22.

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