Discussion with possible action to have the City pass a resolution of support in advocating for new state legislation that could lead to a Laredo Project Finance Zone (PFZ) designation with the state of Texas, which allows for municipalities to designate a three-mile zone centered around a convention center or arena in which growth in state hotel taxes collected within the zone would be rebated to the City for a 30-year period to pay for improvements to a convention center or arena, by working with Dean Senator Judith Zaffirini and State Representative Richard Raymond to file legislation for the 2027 Session that would allow Laredo to qualify for a PFZ designation in the future, and any other matters incident thereto.

Committee

City Council

Requested by

David Tyler King

Introduced

October 23, 2025

On agenda

November 3, 2025

Passed

November 3, 2025

Where it was heard

City Council Nov 3, 2025 approve Pass