Project Update

Who's Who?

Downtown Redevelopment has many partners, all of which have different roles.

Downtown Amarillo, Inc. is the non-profit organization formed for the purpose of implementing the Downtown Strategic Action Plan. DAI focuses on planning and economic development initiatives that will bring the economic vitality back to the heart of the City.

The City of Amarillo is an integral part of any development in any part of the City, including downtown. The City sets policies that affect development, and is the public partner in public private projects downtown.

Tax Increment Reinvestment Zone (TIRZ) is a funding tool, among others, for downtown redevelopment. The TIRZ is not an additional tax, but directs any increase in tax revenue from the base year of 2008 that result from increases in property values to be utilized for downtown development. The TIRZ primarily focuses on investment in public infrastracture.

Wallace Bajjali Development Partners, LP. is a privatedeveloper selected by the City to partner with the City in public private projects in the Civic Center area. They bring their expertise as well as capital to help redevelopment this area and create a synergy that brings additional private development.

Local Government Commission is the legal entity that can manage and implement the Civic Center area redevelopment projects. It brings together the public and private partners of DAI, the City and the TIRZ, to make recommendations to the City Commission on these projects, and should they be funded, will be responsible for the implemenation of the projects.

Center City of Amarillo, Inc. manages marketing and events for Downtown Amarillo. Center City coordinates events such as the Polk Street Block Party, High Noon at the Square, and the Electric Light Parade.