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Downtown Laredo is in a slump, and city leaders want to inject some serious cash to bring it back to life. They're hoping to boost property values and make the city center a vibrant place again.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days, 1 the 60 before, 1 the 90 before that.
The CLMD assessment is 20 cents per $100 of property value, while the Plaza Theater restoration will cost $8.5 million.
Downtown property owners and businesses, as well as the general public through improved aesthetics and safety.
Business owners facing additional tax assessments who may struggle with the increased financial burden.
The Hamilton Hotel requires urgent repairs to its HVAC system and elevators to ensure the safety of elderly residents during extreme heat. The city is currently providing temporary cooling and wellness checks while seeking long-term funding solutions.
We'll include it in your weekly brief whenever the council takes it up.
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Laredo is using federal grant funding to restore the historic old federal courthouse and set up a small business support center. Officials hope this project will spark further private investment, fix aging infrastructure, and bring more visitors and businesses downtown.