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Feb 15, 2023 · Related development

LGC board authorizes up to $75,000 to finish out part of the vacant retail space, 7-0

The same day it approved the TIRZ #1 loan amendment 6-0, the LGC board created a standing Retail Space Committee, toured the unfinished space west of Joe Taco at 600 S. Buchanan, voted 7-0 to authorize up to $75,000 to finish out a portion of it, and voted 7-0 to authorize up to $5,000 for legal work drafting condominium documents for selling units. On May 31, 2023 staff reported that the City Council had approved construction of a display area in the retail space.^[1]

Cole Stanley Howard Smith Andrew Freeman Jerry Danforth Amarillo Local Government Corporation (LGC)

What the sources say

✓ Verified
Gary Jennings moved and Howard Smith seconded to authorize up to $75,000 for the finish-out; it carried 7-0. Stanley moved and Alfonso Zambrano seconded the $5,000 for condominium documents; it carried 7-0. The Retail Space Committee's members were Megan Zanchettin, Howard Smith and Cole Stanley. In April 2023 the committee recommended at least two parking spaces per condominium unit, plus one per 500 square feet over 1,000. ^[1]^[2]
✓ Verified
No minutes read state how much of the $75,000 was spent or whether the display area was completed before the retail space was sold in July 2024. ^[3]^[4]

Sources

1.Amarillo Local Government Corporation Board minutes, February 15, 2023 — City of Amarillo, Feb 15, 2023 · retrieved Oct 10, 2026primarySubject-authoredScanned PDF read visually. Item 8 (Amendment #1 to the TIRZ #1 loan agreement, approved 6-0).
2.Amarillo Local Government Corporation Board of Directors minutes, April 26, 2023 — Amarillo Local Government Corporation Board of Directors (via City of Amarillo CivicClerk), May 31, 2023 · retrieved Oct 22, 2026primarySubject-authoredApproved at the May 31, 2023 meeting. Scanned minutes (OCR); figures checked against the page image.
3.Amarillo Local Government Corporation minutes, August 16, 2023 — City of Amarillo, Aug 16, 2023 · retrieved Oct 10, 2026primarySubject-authoredScanned minutes (read visually). Items 6 and 7.
4.Amarillo Local Government Corporation minutes, July 17, 2024 — City of Amarillo, Jul 17, 2024 · retrieved Oct 10, 2026primarySubject-authoredItem 4.C: sale of the retail space complete as of July 2, 2024.