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.
For more on this story and other local news, see the print edition or the e-edition.
Subscribe to the Port Arthur News by clicking e-Edition (mobile users click here) or print edition.
For help with subscriptions, e-mail firstname.lastname@example.org.
Hyperlink for e-Edition: portarthurnews.newspaperdirect.com/epaper/viewer.aspx
Hyperlink for Print:
Email setup: email@example.com