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TIRZ Center City

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. 

TIRZ Zone Map

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.

Amarillo TIRZ Image
Meeting Information
  • 2nd Thursday of each month at noon (If there is no New Business the meeting will be cancelled)
  • City Hall, 623 S Johnson St, Room 1500
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
Dr. David Woodburn, Vice Chair Amarillo College
Amy Rainey City of Amarillo
Emily Koller City of Amarillo
Rebecca Gladney City of Amarillo
Tom Warren II Amarillo Independent School District
John Coffee Potter County
H.R. Kelly Potter County
Vacant Potter County
Marcus Hardcastle Panhandle Groundwater Conservation 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.

center city tirz documents & links

center city tirz policy & procedures
tirz incentive application (over $50,000)
tirz incentive application (under $50,000)
tirz final project and financing plan
tirz final project and financing plan appendix
downtown strategic action plan
Hunden Market and Financial Feasibility Study (2023)
Hunden Market and Financial Feasibility Presentation (2023)

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City of Amarillo: Property Taxes Rebated Per Year by Agreement Type 

Overview 

The chart shows the dollar amounts of property taxes rebated per year over the last five fiscal years, broken down by agreement type. There were no Chapter 380 property tax rebates in the first two years listed. The total amount increased slightly each year, with a more significant increase in the most recent year. 

Values 

Numerical values presented on the image: 

 

Fiscal Year 2020/2021 

Fiscal Year 2021/2022 

Fiscal Year 2022/2023 

Fiscal Year 2023/2024 

Fiscal Year 2024/2025 

Chapter 311 

$533,080 

$547,426 

$574,947 

$591,249 

$821,350 

Chapter 380 

$0 

$0 

$37,387 

$39,172 

$61,013 

Presentation 

The bar chart shows the amount of property taxes rebated in the past five fiscal years, broken down by agreement type. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the dollar amount rebated. For each fiscal year there is vertical column, comprised of two stacked columns, each of which representing the different agreement types. 

City of Amarillo: Number of Tax Abatements Granted Per Year 

Overview 

The chart shows the number of businesses that received a tax abatement from the City of Amarillo in the past five fiscal years. The 2020/21 and 2021/22 fiscal years each had four active abatements, 2022/23 had five, and 2023/24 and 2024/25 each had seven. 

Values 

Numerical values presented on the image: 

 

Fiscal Year 2020/2021 

Fiscal Year 2021/2022 

Fiscal Year 2022/2023 

Fiscal Year 2023/2024 

Fiscal Year 2024/2025 

Active Abatements Per Year 

4 

4 

5 

7 

7 

Presentation 

The bar chart shows the number of businesses that received a tax abatement from the City of Amarillo in the past five fiscal years. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the number of active abatements each year. Each year has one column, with the height indicating number of active abatements in that year.

Amount of Taxes Abated Per Year 

Overview 

The chart shows the dollar amounts abated over the past five fiscal years from Chapter 312 tax abatement agreements. Each fiscal year shows a larger dollar amount abated, with minor growth over the first three years, a higher increase in the fourth year, and minor growth again in the fifth year. 

Values 

Numerical values presented on the image: 

 

Fiscal Year 2020/2021 

Fiscal Year 2021/2022 

Fiscal Year 2022/2023 

Fiscal Year 2023/2024 

Fiscal Year 2024/2025 

Taxes Abated by City of Amarillo 

$510,061 

$623,017 

$679,849 

$965,261 

$1,143,899 

Total Abated by All Entities Including City of Amarillo 

$1,569,512 

$1,926,332 

$2,103,099 

$2,884,936 

$2,959,496 

Presentation 

The bar chart represents the amount of taxes abated over the past five fiscal years. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the dollar amount abated. The bar representing taxes abated by the City of Amarillo is sightly offset to the side of the bar representing the amount abated by all participating tax entities for each fiscal year. This shows that the amount abated by the City of Amarillo is a part of the total amount abated by all entities.

City of Amarillo: Taxes Rebated Per Year by Type 

Overview 

This chart shows the dollar amounts rebated by the City of Amarillo from economic development incentive agreements over the past five fiscal years. Each year is broken down by rebate type, including property tax rebates, hotel occupancy tax rebates, and sales tax rebates. Each fiscal year shows a slight increase in total dollars rebated, with a more drastic increase in the most recent fiscal year. 

Values 

Numerical values presented on the image: 

 

Fiscal Year 2020/2021 

Fiscal Year 2021/2022 

Fiscal Year 2022/2023 

Fiscal Year 2023/2024 

Fiscal Year 2024/2025 

Property Tax Rebates 

$533,080 

$547,426 

$612,334 

$630,421 

$882,363 

Hotel Occupancy Tax Rebates 

$686,747 

$753,112 

$794,828 

$871,423 

$808,348 

Sales Tax Rebates 

$0 

$21,046 

$55,528 

$45,881 

$368,716 

 

Presentation 

The bar chart represents the amount rebated by the City of Amarillo for each type of tax rebate over the past five fiscal years. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the dollar amount rebated. The different rebate types are stacked vertically in each fiscal year, with the height representing the total dollar amount rebated.