City OKs plan to create project financing zone around American Bank Center [Video]

CORPUS CHRISTI, Texas — A plan to collect state tax revenues from businesses around the American Bank Center was passed Tuesday at city council and city leaders are hoping it will cover the majority of the $100 million worth of needed improvements to the city’s largest multi-use facility.   

“Our project is that we are going to enhance, remodel, re-configure our existing American Bank Center, the arena and the convention center and the Selena Auditorium,” said city manager Peter Zanoni. 

This funding tool, known as a project financing zone, was approved by state lawmakers back in 2023.  

Some of the money will come from taxes generated by the 20 hotels located within 3 miles of the American Bank Center. The state will begin setting aside …