TIRZ Dissolves. Economic Development Incentives Materialize.

How did TIRZ money get to a redevelopment project?  Midland City Council approved funds from a dissolved TIRZ & the dissolved Downtown Midland Management District.

Did all the funds in the disolved TIRZ and MMD go to redevelopment? No, the economic development recipient had sought $2.9 M and recevied $900,000.

What’s the redevelopment project? Asbestos abtement and redevelopment of Midland’s Vaughn Building by Houston-based Innova Development company

Keep it in your pocket for the interim charges forcused on either economic development or MMDs.

Midland Reporter Telegram | Vaughn Building asbestos removal back in motion