HARLINGEN — The city’s three tax zones will help fund the proposed $14 million convention center, pushing back many street and utility projects.
Officials will use $1.7 million in property tax revenue generated within the three tax increment financing reinvestment zones to help fund construction of the convention center.
The $1.7 million makes up the sum total of property tax revenue generated within the three zones.
Officials added the convention center project to a list of 94 street and utility projects to be funded through property tax revenues generated within those three incremental zones.
Now, it appears nearly all of the other projects on the list will wait for the tax zones to generate more revenue to help fund them.
That’s because the convention center’s construction has become the top “priority” project within the three tax zones, City Manager Dan Serna said yesterday.
“This project has been identified as a high-priority project,” Serna said.
“Because it’s high priority, funds will be utilized for this project. Other funds will be generated as time goes by for other projects.”
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Rio Hondo Road, 11,300 linear feet
Whalen Road, 5,815 linear feet
Turner Road, 4,011 linear feet
Theme Road, 2,300 linear feet
Washington Avenue, 3,130 linear feet
Austin Street, 1,160 linear feet
Loop 499 from New Combes Highway east to Stone subdivision at Seventh Street
Montezuma Road from west of Tropic Winds mobile home park
FM 509 from Nixon Road northeast to south of U.S. 77
Whalen Road to south U.S. 77 to north of Hale Avenue