AMARILLO, Texas (KFDA) – A reinvestment board took the first steps toward financial incentives to turn a hotel from 1920s oil boom days into a upper level boutique hotel.
The downtown Tax Increment Reinvestment Zone board voted to fund up to $900,000 for renovations of the Herring Hotel. The money for the 10-year deal would come from increased taxes owed by the hotel’s owners because of the property improvements…