Applications are now available for those willing to serve on the Advisory Board for the city’s third Tax Increment Reinvestment Zone (TIRZ). In 2021, New Braunfels City Council approved the creation of TIRZ #3, which encompasses downtown New Braunfels (see attached map). TIRZ #3, also known as the Downtown TIRZ, will capture 85% of the ad valorem tax increment within its boundaries and then use those funds to reinvest in the downtown area.
There are currently two other Tax Increment Reinvestment Zones operating in New Braunfels:
- TIRZ #1 was established in 2007 and encompasses the Creekside area in an effort to fund capital improvements associated with the development of the property located near I-35 and FM 306. These improvements include drainage, water, wastewater, and roadway projects necessary to serve the development.
- TIRZ #2, known as the River Mill TIRZ, was established in 2019 in an effort to fund a portion of the infrastructure and maintenance costs associated with the development of the former Mission Valley Mill complex located at 555 Porter Street. This site, which has been abandoned since 2005, is slated for future mixed-use development.
Each TIRZ has its own Advisory Board made up of members that are appointed by New Braunfels City Council and are tasked with making recommendations to City Council concerning the administration, management, and operation of the Zone.
Applications are now being accepted for all seven positions on the TIRZ #3 Board. Five of the board members must be individuals who own property within the TIRZ #3 boundaries, and two others must be residents that reside in Comal or adjacent counties. For additional information on TIRZ #3, contact Economic and Community Development Coordinator Amy McWhorter at 830-221-4057 or by email at amcwhorter@nbtexas.org.
To apply for the TIRZ#3 Board, please visit log on to the TIRZ #3 (Downtown TIRZ) Board website and select Apply For This Board.
