City of Houston officials are considering offering tax breaks to the developer of a proposed Wal-Mart in the Washington Corridor, a project that faces stiff opposition from many residents in the nearby Heights.
Though no agreement has been reached, officials said, the city is considering a tax reimbursement agreement with The Ainbinder Co., the owner of 24 acres at Yale and Koehler streets.
The company plans a retail development at the site, potentially anchored by a 152,000-square-foot Wal-Mart Supercenter.
Mayor Annise Parker's director of communications, Janice Evans, said the city could use future tax revenues from the development to partially reimburse Ainbinder for infrastructure work — widening streets, for example - in the area. Such agreements have been allowed under state law since 1987 and have been used in Houston before.
Apparently, Walmart's ad folks along with our city government now agree that Houston is full of idiot children. After telling citizens face to face on Tuesday that tax benefits were not being offered, the chron reports otherwise ... because two days is a big difference.