Good Morning, New Braunfels!

Top Story
New Braunfels looks to create 4th tax increment reinvestment zone

New Braunfels City Council on Oct. 27 approved designating a 195.9-acre tract of land near the Zipp Family Sports Park as a Tax Increment Reinvestment Zone, or TIRZ, for the next 25 years, with hopes of funding future development in the area, according to the city.

What you need to know: A TIRZ is a tool available to cities to create development zones that increase property values and long-term tax collections through tax reinvestments, according to the city’s website.

Funds gained through a TIRZ can be used to fund public infrastructure and safety, parks and recreation amenities, economic development incentives, historic preservation, and conservation. This would be New Braunfels' fourth TIRZ, with 146.7 acres of the 195.9-acre tract owned by the city.

The zone would encompass the entirety of the Zipp Family Sports Park and four additional lots, including two adjacent lots, which the city says could be used for retail, restaurant and hospitality spaces.

“We’re hoping to have this space be complementary to the sports park,” Matney said.

 
CI Business
Fischer's Neighborhood Market to open 51st location in New Braunfels

Fischer’s Neighborhood Market—a New Braunfels-based gas station and convenience store—is opening its 51st location in New Braunfels in November, according to a Facebook post and the store's locator map. 

What you need to know: Fischer's Neighborhood Market was founded in New Braunfels in 1966 and has locations scattered throughout New Braunfels, San Antonio and surrounding areas in Central Texas. The company also owns Pit Stop Food Marts and Fischer’s Market Express locations throughout the region, according to the store's website.

The new location will feature a car wash and Hunt Brothers' Pizza, along with traditional fuel pumps, according to the store's website. There will also be made-to-order food options, a deli and more. 

  • 2308 Hwy. 46, New Braunfels

 
Latest News
Bexar County voters approve both venue sales tax propositions

Updated 11:50 p.m.
With all 285 polling locations reporting results, voters approved both Propositions A and B, which clears the way for the San Antonio Stock Show & Rodeo to transform the county’s Eastside properties into its permanent home, and funds 25%, or $311 million, of the new downtown Spurs Arena.

Zooming in: 248,428 out of 1.3 million voters, or 19.31%, cast their ballots for the Nov. 4 election.

137,804, or 55.91%, voted for Proposition A, while 108,671, or 44.09%, voted against it. 128,642 voters, or 52.14%, voted for Proposition B, while 118,068, or 47.86%, voted against.

Proposition A
Authorizing Bexar County to provide for the acquisition and financing of the Freeman Coliseum, Frost Bank Center and other San Antonio Stock Show & Rodeo facilities, together known as the Coliseum Complex Venue Project.

Proposition B
Authorize Bexar County to plan, develop and finance a new multipurpose arena designed primarily as the home venue for the San Antonio Spurs basketball team, known as the Arena Venue Project.

 
Statewide News
Property taxes, bail rules, water funding: All 17 Texas propositions projected to pass

As of press time, all 17 constitutional amendments on the Texas ballot were poised to become law. The state propositions with the most support would either expand property tax exemptions or prohibit new taxes, while voters also favored measures aimed at funding infrastructure and research.

The overview: Some of the state propositions on the ballot included:

  • Proposition 1: new funding to support the Texas State Technical College System
  • Proposition 3: tighter restrictions on when Texas judges can grant bail for felony offenses
  • Proposition 4: $20 billion for water supply projects and infrastructure
  • Proposition 9: a $125,000 property tax exemption for businesses
  • Propositions 11 and 13: expanded property tax exemptions for Texas homeowners
  • Proposition 14: $3 billion to create a state dementia research institute
More information: All results are unofficial until canvassed.

Click the link below to see which state propositions passed and visit www.communityimpact.com/voter-guide/election-results to see results from all local and state elections in your community.

 

Your local team

Amira Van Leeuwen
Editor

Kayla Brooks
General Manager

Email [email protected] for story ideas, tips or questions.

Keep Reading

No posts found