One of the city of Bryan’s tax increment reinvestment zones (TIRZ)…where property tax money is reserved for a specific area instead of going to the city at large…is getting $160,000 dollars of playground equipment.
That’s after the city council this week approved a committee’s recommendation for first time equipment at Camelot Park.
Councilman Mike Southerland, who made the motion to approve, spoke about neighborhood demographics changing from those opposed to playground equipment to those who did.
Additional information came from the city’s strategic projects director, Lindsey Guindi.
This TIRZ is generally bordered by Camelot to the south, Villa Maria to the west, and William Joel Bryan to the north.
Previous projects paid by the TIRZ, which was created in 2007, included designing the roundabout at Nash and Broadmoor and building sewer lines and walking trails.
City officials project the TIRZ will generate four and a half million dollars in property tax money over the next 11 years.
Click HERE to read and download background information on the Camelot Park playground purchase.