26-C-16
Discussion with possible action regarding the final passing of a City resolution of support as motioned by Council on November 3rd 2025 in advocating for new state legislation that could lead to a 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 also have the City produce an economic impact study to strengthen the City’s case for one, and any other matters incident thereto
- Committee
- City Council
- Requested by
- Tyler King
- Introduced
- January 22, 2026
- On agenda
- February 2, 2026
- Passed
- February 2, 2026