Bay City Council approved a fifth reinvestment zone to revitalize blighted areas without raising taxes. This tool redirects future tax revenue to fund infrastructure and attract private developers. Consultant David Petit said the zone reduces financial barriers for projects like water line upgrades and building demolitions. Key areas include Highway 35, land near Matagorda Regional Medical Center, and older commercial properties. Development Director Jessica Russell highlighted opportunities for multifamily housing and improved curb appeal along major corridors, aiming to boost growth and investment.