Houston May Extend Tax Zone For $556M Transit, Park Plans

Law360, New York (April 12, 2013, 3:34 PM EDT) -- Houston is considering expanding a tax reinvestment zone to fund a $556 million plan to create new rapid bus transit lanes and to reforest a local park devastated by local droughts, according to a funding proposal unveiled by the city’s mayor on Thursday.

Mayor Annise Parker and other local officials want to build a new mass transit corridor by widening the currently six-lane Post Oak Boulevard to make a special lane for buses, as well as reforest the 1,500-acre Memorial Park, according to a statement. But...
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