![]() Providing new capital for necessary infrastructure, funding for attractive security enhancing streetscapes, new capital for building schools, parks, recreation spaces and hike and bike trails, the ability to adopt land use controls similar to those available to suburban developers, and significant new tax revenues for the City of Houston, HISD, and Harris County.Assisting property owners in negotiations with potential financiers/developers for the creation of new development projects.Since its inception, the Board of Directors of the MRA/TIRZ and its staff have continued to pursue the goal of a rejuvenated Midtown Houston by: The TIRZ funds are used for public projects such as public parks, improved street lighting, capital improvements and landscaping enhancements. The MRA solicits new developments and coordinates with City departments and private developers to implement Midtown Houston’s Redevelopment Master Plan. The multi-use nature of the MRA/TIRZ is intended to provide new housing choices as well as employment, education, entertainment, and retail opportunities to residents in Midtown Houston. MRA uses incremental taxes generated in Midtown Houston to provide basic infrastructure improvements and public right of way enhancements as well as financing and management necessary to alleviate deteriorated site conditions and obsolete platting, and encourage growth of residential, commercial/industrial, retail, and institutional uses. This gives the MRA/TIRZ the ability to issue bonds based on the current and anticipated increase in value. Today, the appraised value of property in the district is over $1.6 billion. From the baseline appraised value of $211 million, every increase in value and the taxes it generated is committed to Midtown Houston for 30 years. The MRA/TIRZ have been responsible for physical and capital improvements in Midtown Houston. The current TIRZ includes approximately 771 acres of land including all annexations within its boundaries, and are all within the City. Efforts to create the TIRZ/MRA started from the community individual property owners and neighborhood institutions petitioned for its existence in order to foster economic development and revitalize Midtown Houston with new construction and the preservation and restoration of existing structures. They were created to redevelop the area aid, assist, and act on behalf of the City in governmental functions and to provide an operating and financing vehicle for implementing the TIRZ Project and Financing Plan. The MRA was created by City Resolution No. The TIRZ was created on Decemby Ordinance No. 2 (TIRZ) are parallel organizations the Boards of Directors for MRA and TIRZ consist of the same nine members. ![]() The WNA Board looks forward to seeing our neighbors and friends from the Wardcliff Neighborhood at the 2018 Candidate Forum.The Midtown Redevelopment Authority (MRA)/Tax Increment Reinvestment Zone No. We want to learn what each candidate sees as the principal challenges that lie ahead and what their vision is for solving these problems. The final section of the Forum will be time for the candidates to meet and mingle with those in attendance.Īs in the past, the goal of the WNA Candidate Forum is to present a discussion about issues facing our state government and our community. This will be followed by an opportunity for members of the audience to ask additional questions. The participants will then be asked to respond to several questions posed by the Forum Moderator. When: On Wednesday, Jat 6:00 PM Where: Okemos Public Library, Community Room Head over to our Facebook Event page for conversation and updates on the event!Įach candidate will first give a short summary about their background and their reasons for seeking elective office. Denny, Republican candidate for the State Senate 23rd district. ![]() The candidates who are vying the 69th District House seat are Democrats Teri Banas, Julie Brixie and Penelope Tsernoglou and Republican George Nastas. Join us for an evening with candidates who are running in the August 7th Primary Election and seeking to represent Meridian Township in the Michigan State Legislature.
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