The Westside Tax Increment Reinvestment Zone board approved funding for improvements to Market Square and the Guadalupe Theater.
The Farmer's Market building is in need of a new heating, ventilating and air conditioning system at an estimated cost of $3.4 million.
TIRZ funds come from the city’s tax increment financing program, which uses a portion of an area’s tax dollars to subsidize development or improvement projects. During the development of the 2022 bond, City Council asked that funding for improvements to several city facilities be shifted to various TIRZ funds throughout the city, all of which have been approved.
Another $2.6 million will be spent to upgrade public areas, including the façade and plaza, and the lighting and shade structures. Funding directed at the Guadalupe Theater will be used to fix critical safety and sanitary conditions within the 80-year-old theater owned by the City of San Antonio since the 1970s. , recognized as such last year by the Texas Commission on the Arts.
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