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Overview
The Uptown Houston Tax Increment Reinvestment Zone #16 (TIRZ)
and the Uptown Development Authority work in tandem to encourage new
development and grow Uptown Houston's tax base.
Uptown's TIRZ is implementing a plan to mitigate traffic congestion. This plan
includes an overall budget of $235 million for local mobility improvements during
its 30-year life. This project is underway with several construction projects
already completed along Sage, Post Oak Boulevard and San Felipe.
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The Uptown TIRZ also is projected to encourage more than $1.1 billion in new
development and to generate $341 million in new tax revenue for the City of Houston.
The Uptown Development Authority is a non-profit local government
entity created to act on behalf of the City of Houston and
the Uptown TIRZ. The Authority is the financing vehicle and the
primary entity responsible for retaining consultants and hiring
contractors in connection with Uptown TIRZ projects.
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