Weeks after progressives on the City Council lost a fight to press pause on plans for a publicly funded NBA arena , one of the development tools being used to finance the arena — as well as a new Minor League Baseball stadium and a gorilla habitat at the San Antonio Zoo — is facing new opposition.
Tax Increment Reinvestment Zones, or TIRZs, have been around in Texas since the 1980s, and were designed to help cities incentivize development in unsafe or deteriorated neighborhoods through concentrated investments in the area’s infrastructure and public amenities.
While many of San Antonio’s TIRZs have succeeded in spurring new development, a City Council that just added several progressive voices in this year’s municipal election now wants more oversight of money they say has incr