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LGC board approves its 2025-26 budget, 5-0; Llano Group reports the former retail space vacant
Josh Langham of Llano Group, which bought the garage's retail space in July 2024, told the LGC board the entire space, including the restaurant space, was vacant. Board member Cole Stanley said he wanted to raise rates and decrease payments or sell the parking garage, then moved to approve the 2025-26 budget as presented "for a not to exceed amount" with a request for more funding options next year; it passed 5-0. Tony Ensor of the Sod Poodles said garage parking had decreased as guests appeared to prefer free parking outside.[1]
Cole StanleyLaura StorrsJerry DanforthAmarillo Local Government Corporation (LGC)Llano Group, LLC
What the sources say
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Stanley "wanted to raise rates and decrease payments or sell the parking garage," then moved to approve the budget as presented "for a not to exceed amount" with a request to bring back more funding options next year; Jennifer Gallardo seconded and it carried 5-0. Langham "reported that the entire space, including the restaurant space, is currently vacant." The minutes do not give budget figures. [1]
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The February 2023 amendment tied forgiveness of the TIRZ #1 loan to leasing the retail space. The LGC's register records $500,000 paid to TIRZ #1 in September 2024 after the sale, and in August 2025 the buyer reported the space vacant. No source read states whether any amount was forgiven under the lease-based conditions. [2][3][1]
