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COUNTY APPROVES PARTICIPATION IN HOTEL/CONFERENCE
CENTER TIF
COLLEGE STATION, TEXAS, April 9, 2002 – Brazos County unanimously
agreed to participate in College Station's Hotel/Conference Center TIF. The TIF will
utilize tax revenues generated inside of Tax Increment Reinvestment Zone #15 to pay for
the $18 million conference center. The project also includes a 250,000 square foot
corporate headquarters for First American Bank and the Adam Corporation and a
300 room, four star hotel valued at approximately $38 million. Additional space has
been set aside for a performing arts center.
The Tax Increment Reinvestment Zone is made up of approximately 197 acres, 55
acres of which will house the hotel/conference center and corporate headquarters. The
additional 132 acres is zoned mixed use and will provide space for office, retail,
commercial, and a small amount of residential uses adjacent to the hotel/conference center
and corporate headquarters development.