City Council Approves Reinvestment Zone - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

City Council Approves Reinvestment Zone

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Wichita Falls City Councilors approved a 77 acre reinvestment zone at the Wichita Falls Business Park during Tuesday's meeting.

The approval paves the way for a tax abatement for a prospective company to come to the falls and build a $650 million natural gas power plant.

The deal with Coronado Power Ventures is not finalized, but Wichita Falls city leaders and members of the Economic Development team have been working with the business to bring their company and between