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Amarillo Local Government Corporation (LGC)
Named in 26 dated events on this site, 2011–2026, across 2 storylines.
Storylines
- Downtown TIRZ #1 and Local Government Corporation financing (2006-2026)17 events naming Amarillo Local Government Corporation
- Downtown catalyst projects: convention hotel, parking garage and the MPEV ballpark (2011-2026)9 events naming Amarillo Local Government Corporation
Events
- City and LGC work with Wallace Bajjali as downtown master developer
- Amarillo Local Government Corporation organized
- LGC board votes to terminate all contracts with Wallace Bajjali
- Ground broken on the downtown Embassy Suites convention hotel
- TIRZ #1 board raises downtown-project participation to $4.387 million, $1.687 million as a loan to the LGC
- LGC approves the $15.65 million downtown parking garage project
- Estimates rise to $48.4 million, then $44 million, for a Class AA ballpark
- LGC signs letter of intent with an Elmore Sports Group company
- LGC completes the 750-space garage at a cost of $16,947,568
- Embassy Suites opens with adjoining 750-space city garage
- LGC and council approve Western-Hunt construction contract
- LGC board reviews its unpaid loans from the City and TIRZ #1
- LGC board approves amending and assigning the Embassy Suites lease to Summit Hospitality 178, 6-0
- LGC board recommends raising garage parking to $11 a day and $4 an hour, 5-0
- LGC board lowers the garage retail space's advertised rate from $20 to $14 with no tenant allowance, 5-0
- LGC board asks staff to approach TIRZ #1 about converting its loan to a grant
- TIRZ #1 board amends the LGC loan: interest stops, $500,000 due by 2036, the rest can be forgiven
- LGC board authorizes up to $75,000 to finish out part of the vacant retail space, 7-0
- LGC board hands event-day garage operations to the Sod Poodles in a pilot agreement, 7-0
- LGC recommends selling the garage's retail section for $1.9 million
- LGC board approves its 2023-24 budget with $318,750 in place of $425,000
- Council approves 5-0 the $1.9 million sale of the garage's commercial space to Llano Group
- LGC board licenses garage parking to the National Nuclear Security Administration, 7-0
- LGC account register records $500,000 'Loan Payoff to TIRZ #1' and $432,545.11 'Loan Payoff to COA'
- LGC board approves its 2025-26 budget, 5-0; Llano Group reports the former retail space vacant
- FY2025 annual report: City loan to TIRZ #1 at $972,218; no LGC loan balance stated