F. M. 299 loses potential 2014 tax increment funds

by George Garza
 
It was all because of a technicality. The much discussed Vidor Loop or F.M. 299 project lost the potential of as much as $550,000 in increment tax financing due to a technicality in the way a scheduled public meeting of the Orange County Commissioners’ Court was posted. The Commissioners’ Court had planned to meet for their last meeting of the calendar year 2014 on Monday of this week. On their proposed agenda was an item that would have allowed the Court to consider creating as many as three Transportation Reinvestment Zones (TRZ’s) in western Orange County that would have been the first step in financing construction of the F.M. 299 project.

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