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Houston Matters

What is a Tax Increment Reinvestment Zone and What Does it Do?

Earlier this month, City Council voted to expand the Midtown Tax Increment Reinvestment Zone to cover the Museum District, The Menil Collection and the University of St. Thomas. Is that a good thing or a bad thing for the area? Well, to answer that question, you need to know what a Tax Increment Reinvestment Zone […]

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Earlier this month, City Council voted to expand the Midtown Tax Increment Reinvestment Zone to cover the Museum District, The Menil Collection and the University of St. Thomas. Is that a good thing or a bad thing for the area?

Well, to answer that question, you need to know what a Tax Increment Reinvestment Zone is in the first place, why it exists and what it does. Houston Matters producer Edel Howlin explains.