Tax Increment Financing Redevelopment Plans

At a glance

What: BL2026-1451 approves amendments to six redevelopment plans (Proposal 2026M-002OT-001): Amendment No. 6 to the Arts Center plan, No. 1 to Bordeaux, No. 1 to Central State, No. 6 to Phillips-Jackson, No. 9 to Rutledge Hill and No. 1 to Skyline. Six companion resolutions (RS2026-2078 to 2083) approve the activities and improvements eligible for tax increment financing in each plan.
Where it stands: BL2026-1451 passed third reading as amended on August 4, 2026, 31 yes, 0 no, 0 abstain. The six resolutions were approved on the consent agenda (32-0-0).
Related: East Bank Redevelopment Plan Amendment (a separate plan, amended in September).

Detail

Council Member Toombs requested the public hearing. One citizen spoke in opposition; the minutes do not give the name or argument.
Toombs moved third reading. Council Member Allen offered Amendment No. 2, adopted by voice vote. The bill passed as amended: Evans-Segall, Allen, Hill, Kimbrough, Toombs, Gamble, Cortese, Parker, Capp, Benedict, Harrell, Hancock, Eslick, Evans, Bradford, Huffman, Gregg, Welsch, Vo, Cash, Kupin, Gadd, Preptit, Johnston, Nash, Benton, Ellis, Sepulveda, Rutherford, Styles and Lee.
The Budget and Finance Committee approved each tax increment resolution. The minutes do not state dollar amounts or what each amendment changes.
On August 18 a related first-reading bill, BL2026-1516, would change annual reporting for tax increment finance loans (Chapter 5.06); it was referred to the Budget and Finance and Planning and Zoning Committees.
July 7: BL2026-1451 passed first reading and was referred to the Planning Commission, Budget and Finance and Planning and Zoning Committees. Resolutions RS2026-2078 to 2083 were approved by Planning and Zoning but Budget and Finance recommended deferral, so each was deferred under Rule 8.1.
July 21: The Budget and Finance and Planning and Zoning Committees approved BL2026-1451 with an amendment. Toombs moved second reading; Allen offered Amendment No. 1, adopted by voice vote with Kimbrough abstaining, and the bill passed second reading as amended by voice vote, Kimbrough abstaining. The six resolutions were again recommended for deferral by Budget and Finance and deferred under Rule 8.1.