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How does a Tax Increment Reinvestment Zone positively benefit the City of Port Arthur?

Port Arthur is looking to help grow the presence of two of its economic drivers: multiple ports and the downtown area. A Tax Increment Reinvestment Zone (TIRZ) is a special zone that was created by the Port Arthur City Council to attract new investments in an area. These zones help finance costs of redevelopment and promote growth in areas that would otherwise not attract sufficient market development in a timely manner. Taxes attributable to new improvements (tax increments) are set-aside in a fund to finance public improvements within the boundaries of the zone

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