Which local governmental entity is pursuing a transportation reinvestment zone? Weatherford
What’s the name of the TRZ? Weatherford Transportation Investment Partnership
What’s Weatherford’s goals with the TRZ?
- allocate taxes for new roadway projects
- spur business development along Interstate 20
- specificallt to “promote development in specific areas near the Interstate 20 corridor that lack roadway access”
What’s the revenue breakdown in the TRZ?
- 75% of “additional property taxes on new development would be designated to cover the cost of the new infrastructure”
- 25% remainder goes to the city