Camino Real Regional Mobility Authority
The City of El Paso, Texas created a Transportation Reinvestment Zone (TRZ) to capture incremental gains in property appreciation and tax revenue. The City of El Paso and the Camino Real Regional Mobility Authority (CRRMA) were to use the TRZ tax revenue funds to provide financial support for the completion of select projects outlined in the 2008 Comprehensive Mobility Plan. Prior to seeking debt financing, the CRRMA required an economic, real estate, and tax revenue analysis of select TRZ corridors. The CRRMA retained TXP and its project team to undertake the economic, real estate, and land use assessment.