To serve as a catalyst to create, preserve and enhance value by developing an urban community of uncommon beauty, gracious character, and dynamic spirit. This is achieved by:
- Creating a memorable and inviting urban environment.
- Supporting continued economic expansion.
- Improving Accessibility.
Uptown TIRZ (Tax Increment Reinvestment Zone #16)
The City of Houston designated Uptown as a Tax Increment Reinvestment Zone (TIRZ) in 1999. The Uptown TIRZ developed a plan that mitigates traffic congestion, encourages new development, and grows the area’s tax base. In 2013, the City of Houston expanded the TIRZ boundaries to include Memorial Park and extended its life by 11 years to 2040.
The Zone is governed by a nine-member board composed of individuals who are appointed by the City of Houston (6), HISD (1), the State Representative for the area (1), and the State Senator for the Area (1).
Uptown Development Authority
The Uptown Development Authority is a non-profit, local government corporation created to act as a funding and contracting conduit for the Uptown TIRZ. The Development Authority acts on behalf of the TIRZ in issuing bonds, letting contracts, and hiring consultants in connection with various TIRZ Projects. The Development Authority is governed by a board of directors that has the same membership as the TIRZ Board.