City of Austin Economic Opportunity Committee Meeting Backup March 2026
Domain mixed-use tax rebate agreement in effect
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Description
Austin’s performance-based Chapter 380 agreement with the Domain provides up to $37.5 million in property and sales tax rebates through December 2028. The city has paid $22.2 million in incentives while retaining $25.7 million in revenue and collecting an affordable housing payment.
Contract Details
Contract Amount
Award Approved $37,545,000; Award Paid to Date $22,182,703
Vendor
DOMAIN
Agency
City of Austin city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
March 20, 2026
Contract Term
6/2003 – 12/2028
Renewal Date
2028-12-31
Renewal Info
Performance-based agreement from June 2003 to expected completion in December 2028 with a 20-year sales tax rebate schedule; no additional renewal options are stated.
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