Somerset Grove TIRZ Project and Finance Plan Amendments
San Antonio
Summary
A $277 million mixed-use development on six vacant acres next to the River Walk and art museum. The city would reimburse up to $7.5 million for public infrastructure like roads, a pedestrian bridge, and an under-highway park, with 25% of the tax increment going to affordable housing.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 27, 2026.
Impact analysis
Up to $7.5 million in TIRZ increment reimbursement; the project is projected to raise land value from $30 million to $335 million by 2060 and generate roughly $80 million in sales tax for the general fund.
Downtown residents and visitors gain public infrastructure, river access, and a redeveloped vacant site.
Mentions & discussions (3)
Planning and Community Development Committee - Oct 27, 2026
A $277 million mixed-use development on six vacant acres next to the River Walk and art museum. The city would reimburse up to $7.5 million for public infrastructure like roads, a pedestrian bridge, and an under-highway park, with 25% of the tax increment going to affordable housing.
Tax Increment Reinvestment Zone No. 33 - Northeast Corridor - Aug 3, 2026
Officials reviewed plans to extend the lifespan of the Northeast Corridor TIRZ and adopted updated project and financing frameworks to guide future investments.
Tax Increment Reinvestment Zone No. 38 - Somerset Grove - Feb 24, 2026
The board considered updates to the Somerset Grove TIRZ project and finance plans, which dictate how public tax increments are invested in local infrastructure and development. These amendments shape the long-term funding and scope of improvements within the reinvestment zone.
Related development
Jones Avenue Project
Transforms a vacant River Walk-adjacent site into a mixed-use development with public roads, a pedestrian bridge, and an under-highway park.
Somerset Grove TIRZ No. 38
Affects public infrastructure funding and development timelines within the Somerset Grove reinvestment zone.
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