The judge ruled that 'they created a TIRZ illegally because they did not have evidence to support the statutory grounds to create the TIRZ and use public money on a private development.' He added, 'The city was willing to give away $354 million at a minimum without any showing that the developer and the development needed the money.'
Aleshire stated the decision is 'a huge victory for taxpayers,' emphasizing that the ruling could have impacts beyond Austin. He highlighted the misuse of TIRZ in various parts of the state, calling for enforcement of tax code restrictions.
#city-of-austin #illegal-tirz-creation #public-funding-misuse #property-development #taxpayer-victory
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