MHRA Short and Long-Term CIP Analysis

Memorial Heights Redevelopment Authority

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TGC identified and analyzed a prioritized list of Memorial Heights Redevelopment Authority (MHRA) projects and evaluated the associated benefits and challenges that would be realized through project implementation. A recommended phased funding strategy and Capital Improvements Program (CIP) were also included in the Plan. The purpose of the analysis was to evaluate potential MHRA CIP projects and their suitability for funding assistance from other private and public sector funding partners. The anticipated need for additional funding was due to the recent enlargement of the Tax Increment Reinvestment Zone (TIRZ) boundaries and the projected constraints on TIRZ revenue due to growth and existing financial commitments. Additional project activities in support of the Plan included:

  • Analysis of benefits and challenges associated with the identified MHRA projects

  • A recommended phased funding strategy and Capital Improvement Program

  • Identified potential sources of federal, state, and local funding

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SERVICES PROVIDED

Capital Improvement
Planning
Funding Strategies

TIMEFRAME

March 2016 - June 2016

REFERENCE

Name: Ann Lents
Title: Board Chair
Phone: (713) 824-5585
Email: ejparra@parracompany.com