Dateline: Amarillo August 3, 2011

by News Channel 10

Where are we in the process of downtown redevelopment?

We're at an exciting point. As you know, years of dedication and hard work led to a significant milestone this February: an agreement between the City and Wallace-Bajjali Development Partners for Wallace-Bajjali to assess the benefits and feasibility of specific redevelopment projects in the Civic Center area, and to deliver a recommended path forward in August.

Today, August 3rd, after months of due diligence and transparent public dialogue and input, Wallace-Bajjali and Downtown Amarillo, Inc (DAI) are recommending an implementation and funding strategy for the Civic Center Area projects; a strategy that doesn't rely on increased property taxes or municipal funding instruments such as Certificates of Obligation (CO's) or General Obligation Bonds (GO's).

This is great news for Amarillo. Wallace-Bajjali is recommending a funding strategy for the Multi-Purpose. (Click for full details)