Tax Increment Financing

TXP has significant experience assisting clients with all phases of Tax Increment Reinvestment Zones (TIRZ), as well as similar public finance tools such as Public Improvement Districts (PID) and Transportation Reinvestment Zones (TRZ). TXP offers unbiased guidance regarding whether or not a TIRZ or any other instruments is the appropriate financing mechanism to implement. TXP is also frequently retained to review and update the tax revenue projections of existing TIRZs.

Past clients for this type of analysis include Austin, San Antonio, Dallas, El Paso, Fort Worth, McKinney, and the Tarrant Regional Water District.

Sample Projects

El Paso Eastside Sports Complex TIF & PID

City of El Paso, Texas

The City of El Paso was interested in establishing a Public Improvement District (PID) and Tax Increment Reinvestment Zone (TIRZ) to pay for a portion of the Eastside Sports Complex. In 2012, partial funding for the Eastside Sports Complex was approved by City of El Paso voters as part of the quality of life bonds. TXP was retained to develop a real estate build out forecast for the area as well as a feasibility analysis, project plan, and financing plan for the PID and TIRZ.


San Antonio TIRZ #31 Midtown Market Demand & Tax Revenue Forecast

San Antonio River Authority

The consulting team developed a Master Plan for the Midtown TIRZ with a vision for the sustained vitality of the Cultural Corridor of San Antonio. TXP's report included 1) Economic and demographic assessment – highlighting current economic and demographic trends in Midtown; 2) Midtown market demand – projecting future growth and property values based on existing inventory, vacant tracts, and developer plans; 3) Fiscal analysis – updating the December 2008 financing plan, and 4) Summary of key opportunities and challenges for Midtown.


Hays County FM 110 TRZ

Hays County and the City of San Marcos

Hays County and the City of San retained TXP to identify potential transportation reinvestment zone (TRZ) alignments for the FM 110 roadway project. TRZs are similar to TIRZ, but used primarily for transportation projects. The analysis provided a 25-year TRZ revenue forecast for each jurisdiction that could be incorporated into the overall financing plan for the FM 110 project. The City and County TRZs were approved in 2013.


Fort Worth Trinity River TIF 9

Tarrant Regional Water District

Realignment of Fort Worth's Trinity River followed by the successful implementation of the Trinity River Vision project will have a dramatic impact on the City of Fort Worth's economic development future. TIF 9 (Trinity River Vision) is almost 4,000 acres. TXP has been hired multiple times to update key regional economic trends including overall development patterns in light of the changing economic environment. TXP’s revenue forecast are used by the TIRZ board to update the financing plan.