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The Amarillo City Council has approved a new deal aimed at keeping the American Quarter Horse Association in the city.
On Tuesday, the City Council approved a deal between the Amarillo Economic Development Corporation and the AQHA that will provide $3 million in tax incentives to the organization over a period of 10 years. In addition, another $2 million has been pledged by private citizens to be added to the deal.
The unanimous passage of the deal sets up the AQHA to keep its headquarters and museum in Amarillo for at least the next ten years. The AQHA’s future in Amarillo originally came under question when the organization said it was presented with the possibility of a move to Fort Worth in 2019. A deal approved by the Fort Worth City Council would have provided a lease agreement for the museum and headquarters, with possible rental credits for the years in which the AQHA held its shows in the city.