Sherry Koonce
The Port Arthur News
PORT ARTHUR —
Port Arthur’s Economic Development Corporation introduced a new tool Monday that would offer a way to raise cash for the city’s downtown redevelopment program.
The EDC approved the proposal of a Tax Increment Finance Zone, and agreed to hire Port Arthur attorney and former State Senator Carl Parker to spearhead the plan.
Parker is also chairman of the Downtown Renaissance Board, a group dedicated to finding ways to rehabilitate Port Arthur’s downtown area.
“I have heard an abundance of ideas. We have a beautiful plan laid out, but no money,” Parker said. “We all agree if we can’t get downtown not to look like a W.W.II bombed out village, then we can’t move forward with the renaissance of downtown.”
Parker agreed to create the proposal for $60,000 plus $5,000 expenses, which the EDC board approved.
sgkoone@panews.com
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