El Paso City Council recently put in place the missing piece needed by the Medical Center of the Americas (MCA) Foundation to move forward with its re-development plans of the MCA campus. Effectively, on Tuesday, May 29, council approved the creation of Tax Increment Reinvestment Zone, or TIRZ, over the MCA area. The zone is intended to enable the redevelopment of a noncontiguous subset of the approximate 440 acres of land included in the MCA master plan area through the use of tax increment financing. The noncontiguous zone consists of approximately 67 acres of institutional and city-owned land located within the MCA master plan area. >>Map depicting the proposed noncontiguous zone boundary
Subsequently, the next buildings expected to break ground within the MCA footprint over the next 24 months are the Texas Tech Gayle Greve Hunt School of Nursing and the MCA Tech Building. >>Tech Building renderings
The longer view is that the TIRZ designation will encourage community revitalization and infrastructure improvements and, ultimately, serve as a catalyst for additional commercial, residential and industry development within the MCA. Developments are expected to complement MCA efforts to develop a premier regional center for health delivery, education, and research.
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