Third reinvestment zone approved in downtown New Braunfels

The zone will provide additional funding for public improvements within the area. (Community Impact Newspaper)
The zone will provide additional funding for public improvements within the area. (Community Impact Newspaper)

The zone will provide additional funding for public improvements within the area. (Community Impact Newspaper)

On Sept. 13, New Braunfels City Council approved the first reading of an ordinance to designate downtown New Braunfels as the city’s third tax increment reinvestment zone, or TIRZ.

The TIRZ would allow the city to use 85% of incremental property tax revenue increases above the base year collections for designated improvements within the area.

Covering approximately 182.91 acres, funding from the TIRZ will be utilized to improve public infrastructure such as roadways, utilities, sidewalks, and other pedestrian and bicycling facilities.

Over the course of 25 years, the zone is anticipated to generate approximately $14.8 million in property tax, said Jeff Jewell, director of economic and community development for the city.

In addition to the downtown TIRZ, the city also has reinvestment zones at Creekside and in the Milltown District.


The Creekside TIRZ was the city’s first reinvestment zone and was established in 2007, while the Milltown TIRZ was established in 2019.
By Lauren Canterberry

Reporter, New Braunfels

Lauren joined Community Impact Newspaper as a reporter in October 2019. After graduating with a degree in journalism from the University of Georgia in Athens, Georgia, Lauren was a freelance journalist and worked as a college English teacher in China. At CI, Lauren covers education, local government, transportation, business, real estate development and nonprofits in New Braunfels.



MOST RECENT

The first-ever Williamson County Fair and Rodeo opens its gates to guests Oct. 21 with live music, carnival rides, food vendors, rodeo events and more. (Courtesy Pexels)
CI NATION ROUNDUP: Inaugural Williamson County Fair and Rodeo underway; delivery drones coming to Friso and more top news

Take a look at the top five trending stories across all of Community Impact Newspaper’s coverage areas as of Oct. 22.

The bridge will serve as a secondary access point to Town Creek. (Eric Weilbacher/Community Impact Newspaper)
New bridge connecting Town Creek to downtown New Braunfels opening soon

The bridge will serve as a secondary access point to Town Creek.

Taco Palenque is now open as drive-thru only in Round Rock. (Brooke Sjoberg/Community Impact Newspaper)
CI NATION ROUNDUP: Taco Palenque opens in Round Rock; Plano ISD considering two draft calendars for 2022-23 school year and more top news

Take a look at the top five trending stories across all of Community Impact Newspaper’s coverage areas as of Oct. 21.

A calculator created by the Rocky Mountain Institute looks at the environmental impact of TxDOT's proposed designs for I-35 in Central Austin, one of the most congested roadways in the country. (Benton Graham/Community Impact Newspaper)
Nonprofit's tool says TxDOT I-35 expansion proposals would have profound environmental consequences

The tool says that the proposal would create between 255 and 382 million additional vehicle miles traveled per year.

Guests can shop local businesses, enjoy food trucks and hear live music on Oct. 21. (Courtesy The Landmark)
The Landmark to host fall vendor fair in New Braunfels

Guests can shop local businesses, enjoy food trucks and hear live music on Oct. 21.

Renderings of the conceptual tower were shown depicting a roughly 100-foot tower, but the intent is to build a smaller tower. A total of $2.43 million was given as an estimated cost for a 100-foot gravity tower, but presenters said the cost would scale down with a smaller tower. (Courtesy city of Frisco)
CI NATION ROUNDUP: Early concept for Frisco’s Northwest Community Park includes biking tower for ‘gravity riding’; Perky Beans Cafe now open in Leander, and more top news

Take a look at the top five trending stories across all of Community Impact Newspaper’s coverage areas as of Oct. 20.

The grant funding will be used to expand access to parts of the park that were not previously used as public space. (Courtesy New Braunfels Parks and Recreation Department)
New Braunfels’ Fischer Park selected as winner of Niagara Perk Your Park contest

The park will receive funding for several renovation and conservation efforts aimed at expanding public access to the park.

The goal of the zone is to prevent family violence and provide a secure location for custodial pick-ups and drop-offs. (Ian Pribanic/Community Impact Newspaper)
Comal County establishes Child Safe Exchange Zone for custody pickup, drop-off

The goal of the zone is to prevent family violence and provide a secure location for custodial pickups and drop-offs.

Kerry and David Christensen started the company in their New Braunfels home. (Courtesy Boozy Ball Cookies)
New Braunfels-based Boozy Ball Cookies to hold virtual grand opening Nov. 1

The liquor-infused cookie balls are available to ship from the company's San Antonio commercial kitchen.

Want to know more about new businesses coming to the Katy area? Below you can find details on the five latest commercial projects filed in Katy. (Courtesy Canva)
CI NATION ROUNDUP: Read the latest top news about restaurants, businesses and other commercial projects that are coming soon or now open

Take a look at the top five trending stories across all of Community Impact Newspaper’s coverage areas as of Oct. 19.

Black Rock Coffee Bar's menu features Americanos, drip coffees, cold brews, specialty lattes, teas and smoothies. (Courtesy Black Rock Coffee Bar)
4 businesses coming to Cedar Park, Leander; Barton Springs Pool reopens and more Central Texas news

Read the latest business and community news from the Central Texas area.