Montgomery County has greenlit its first tax increment reinvestment zone (TIRZ), a move set to catalyze development on a sweeping 2,000-acre plot near Magnolia, as Johnson Development Corporation embarks on creating Kresston, a residential and commercial community. Under the TIRZ arrangement, a part of property tax revenues garnered within the…
Original Article: https://hoodline.com/2024/07/montgomery-county-approves-first-tax-reinvestment-zone-for-major-1-465-acre-kresston-development-near-magnolia/?utm=newsbreak
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