ECONOMIC DEVELOPMENT

Tax Increment Financing Agreements (TIF)

1.-Victory-Meadows

Vickery Meadows TIF District

  • Project Name: The Shops at Park Lane
  • Project Type: Mixed Use Urban (Office, Retail, Restaurant, Residential & Streetscape)
  • Project Cost: $365,584,000
  • City of Dallas TIF Investment: $20,000,000
2.-Sports-Arena

Sports Arena TIF District

  • Project Name: Victory Park
  • Project Type: Mixed Use Urban (Office, Retail, Residential & Streetscape)
  • Project Cost: $21,500,000
  • City of Dallas TIF Investment: $18,600,000
3.-TIF-Zone-3-Richardson

Richardson TIF Zone 3

  • Project Name: CityLine West
  • Project Type: Mixed Use Transit Oriented Development
    (Office, Hotel, Retail, Residential, Streets & Utilities)
  • Project Cost: $11,700,000 (Phase 1)
  • City of Richardson TIF Investment: $20,000,000
4.-Downtown-Fort-Worth

Downtown Fort Worth TIF District

  • Project Name: AC Hotel by Marriott
  • Project Type: Hotel, Restaurants & Streetscape
  • Project Cost: $75,000,000
  • City of Fort Worth TIF Investment: $4,120,000

Economic Development Agreements

5.-Parks-Legado

Parks Legado Economic Incentives

  • Project Name: Parks Legado Town Center
  • Project Type: Mixed Use (Office, Retail, Hotel, Residential, Auto)
  • Project Cost: $52,600,000
  • Program Grant: $7,950,000 (City of Odessa), Chapter 380, 20-year abatement
  • Program Grant: $1,500,000 (Ector County College District), Chapter 381, 10-year abatement
  • Program Grant: $1,800,000 (Ector County), Infrastructure
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