· Related development
Texas Tech's certified pledge report triggers the remaining $20.8 million AEDC commitment
According to the City's fiscal 2024 annual financial report, in 2024 the university provided a certified report of amounts pledged by outside parties, which triggered the remaining commitment of $20,810,706; as of September 30, 2024 the AEDC had accrued $20.8 million to be paid over the next four years.[1][2]
Amarillo Economic Development Corporation (AEDC)Texas Tech University System
What the sources say
- ✓ Verified
In 2024 the university provided a certified report of other pledged amounts from external third parties, which triggered the remaining commitment of $20,810,706; as of September 30, 2024 the AEDC had paid $30 million and accrued $20.8 million to be paid over the next four years.[1]
- Remaining commitment
- $20,810,706
- Paid
- $30,000,000
- ✓ Verified
The fiscal 2025 report repeats the 2020, 2023 and 2024 history and states, as printed, that 'As of September 30, 2025, AEDC has paid $-0- million of the commitment and has accrued $20.8 million to be paid over the next four years.' The fiscal 2024 report had stated $30 million paid; the fiscal 2025 wording does not say whether $-0- refers to the remaining $20.8 million.[2][1]