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Tax Increment Reinvestment Zone No. 28 - Verano

Tax Increment Reinvestment Zone No. 28 - Verano

The Verano Tax Increment Reinvestment Zone No. 28 was designated in 2007 to stimulate development in the southern section of the City, between Southwest Loop 410 and the Toyota Motor Manufacturing facility. It encompasses 2,700 acres and is projected to capture $235 million in tax increment throughout its life of over 40 years in total. The Verano TIRZ No. 28 Board is a City-initiated TIRZ comprising 13 voting members with City appointments each serving two-year terms. The Board has representation from Council Districts 1, 3, and 4 (seven City appointments), four Bexar County appointments, one Alamo Colleges District appointment, one San Antonio River Authority appointment, and the state senator or designee, as well as the state representative or designee. A quorum of seven voting members is required to conduct business on the Board’s agenda. 

Meetings are scheduled anytime, when necessary. For this TIRZ, up to four meetings per year may occur. The meetings are usually held in the Concourse Conference Room of the City Tower Building.??????

Liaison: Fedra Hildebrandt – 210-207-3382.

Apply for the Verano TIRZ Board here. 

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