| Area Redevelopment | ||
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The goal of the Area Redevelopment division is to adapt, and in some cases, recreate useable spaces in downtown Dallas and surrounding neighborhoods. The City of Dallas has a range of exciting redevelopment projects, all financed by tax increment finance districts and public improvement districts. Tax
Increment Finance Districts Public
Improvement Districts |
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Fact
sheet for PIDsTax
Increment Finance Districts
Tax Increment Finance Districts (TIFs) are used to finance new public
improvements in designated areas. The goal is to stimulate new private
investment and thereby increase real estate values. Any increase in tax
revenues (caused by new development and higher property values) is paid
into a special TIF fund to finance improvements for public roadways, utilities,
streetscapes, and lighting. These funds may also be used for public parking,
environmental abatements, demolition, and facade purchases in special
circumstances.The City of Dallas currently has seven TIF Districts. Maps
below show approximate boundaries; contact our Area Redevelopment team
for more information.
Cedars Tax Increment Finance District
The Cedars TIF District is located just south of downtown and represents the newest area for future growth and development near the Central Business District. The District contains 247 acres and is currently an eclectic mix of residential, commercial and light industrial uses. The strong points of the District include proximity to the Central Business District, the Convention Center, Old City Park, and the Farmers Market plus a vast amount of vacant land. The Dallas Police Headquarters on the west-side of the District near the Cedars DART Light Rail Station and the Matthews Southwest Development at Southside on Lamar have provided the catalysts necessary for near term growth in the District.
Cedars TIF Annual Report
2002-2003
2003-2004
The City Center TIF District was created in 1996 to promote the development and redevelopment of the historic core of downtown Dallas. The District contains approximately 45 percent of the land within the loop of freeways enclosing downtown Dallas. The budget for the District is $61,923,676. The funds for the City Center TIF District are to be used for streetscaping, pedestrian linkages and lighting, façade easement purchases, parking, acquisition and restoration of historic sites, streetlight upgrades, environmental remediation, interior/exterior demolition, façade improvements, fire corridor improvements, public use improvements and plan implementation. Private development in the area has increased property value in the area by approximately $630 million since 1996. This mixed-use neighborhood currently has encouraged over 1,300 built or planned residential units, over 2,300 completed or planned hotel rooms and over 300,000 square feet of planned urban retail space.
Downtown Retail Initiative info
City Center TIF Annual Report
2002-2003
2003-2004
The Cityplace TIF, created in 1992, consists of 238 acres located one mile north of downtown Dallas. The land is zoned for a mixture of land uses to encourage high density residential, office, and retail developments. U.S. Highway 75 bisects the Cityplace TIF District ensuring superior transportation connections and high traffic counts. A DART light rail station joins Cityplace to the City's growing and highly popular rail system. The Cityplace TIF District is characterized by a mix of apartments, townhouses and retail developments. The TIF's budget is $22,000,000 (1993 dollars). Funds in the Cityplace TIF District can be used for public improvements such as water and sewer, paving and streetscape, DART, open space, utility burial, and design and engineering. The Cityplace Area TIF District has fostered major commercial and residential development in this section of Dallas. Since 1992, over $170 million has been invested and over 1,200 apartment units have been constructed.
Cityplace TIF Annual Report
2003-2004
Cityplace Links
The Farmers Market TIF District, created in 1999, consists of approximately 55 acres and is next to Central Expressway and borders on the commercial agricultural area known as the Dallas Farmer's Market. The Farmers Market TIF District is planned to become an upscale urban single family and multi-family residential, entertainment, retail, commercial and office/professional complex. Since inception, the Farmers Market TIF District has played a significant role in the development and redevelopment of this residential and commercial neighborhood within the Dallas Central Business District area. Funds in the Farmers Market TIF District can be used for public improvements such as water and sewer, paving and streetscape, façade restoration, environmental abatement, utility burial and design and engineering. The TIF budget is $11,708,000 (1999 dollars) and over 1200 apartment/townhouse units have been built or are planned. Total private development in the Farmers Market TIF district is expected to exceed $150 million.
Farmer's Market Annual Report
2002-2003
2003-2004
Farmer's Market Links
The Oak Cliff Gateway TIF District is a 350-acre area southwest of downtown, which has a vast array of park and recreational areas. The development strengths of the District are Methodist Medial Center, Oak Farms Dairy, Dallas Advantage Charter School and Jefferson at Kessler Heights, a 27-acre, 643-unit upscale apartment complex currently under construction on North Beckley between Tilden and Greenbriar Streets. The District has experienced moderate growth during the last 5-6 years and has consistently increased in value since 1998. Projects in planning include a town home development, additional retail and a large mixed-use development.
Oak Cliff Gateway TIF Annual Report
2002-2003
2003-2004
The Sports Arena TIF District was created to promote the development and redevelopment of the area in and around the American Airlines Center. The District contains approximately 65 acres of land and the budget for the District is $25,498,088. The funds for the Sports Arena TIF District are to be used for roads known as the "Orange Roadways" and for the Woodall Rodgers Plaza that connects the District to the adjacent West End. Future private development in the area is anticipated to include approximately $550,000,000 in new construction; 500,000 to 600,000 square feet of entertainment/retail space, 800-1,200 residential units, and 4,000,000 to 5,000,000 square feet of office space.
Sports Arena TIF Annual Report
2002-2003
2003-2004
Sports Arena Links
The State-Thomas TIF District, created in 1989, was Dallas' first of the seven TIF Districts. Located just north of downtown, this District has been built into a thriving pedestrian-friendly neighborhood by the joint public/private partnerships formed. This mixed-use neighborhood currently has over 2,000 built residential units and several other developments in the pipeline. The TIF's budget is $14,384,444 (1989 dollars). Funds in the State-Thomas TIF District can be used for public improvements such as water and sewer, paving and streetscape, utility burial and design and engineering.
State Thomas Links
State Thomas TIF Annual Report
2002-2003
2003-2004
Public
Improvement Districts
Public Improvement District's are special assessment areas created at
the request of the property owners in the district. These owners pay a
supplemental assessment with their taxes, which the PID uses for services
above and beyond existing City services. The assessment allows each PID
to have its own work program which may consist of eligible activities
such as marketing the area, providing additional security, landscaping
and lighting, cleaning the streets within the district, and providing
cultural and recreational improvements. The City of Dallas has five PIDs.
Maps below show approximate boundaries; contact our Area Redevelopment
team for more information.
The Downtown Improvement District (DID) is a public improvement district created in 1992 to offer enhanced safety, maintenance, communications/events and capital improvement projects in Downtown Dallas. The DID is managed by Dallas CBD Enterprises, Inc., a private nonprofit corporation governed by thirty-one directors representing the City of Dallas, owners of private real property in the District, and tenants in the District. Geographic boundaries of the DID are the freeways surrounding Downtown Dallas: Woodall Rodgers, North Central, Julius Schepps, R.L. Thornton and Stemmons. The mission of the DID is to make Downtown Dallas "Clean, Safe and Fun," and a strong competitor among places for people to spend and invest.
Deep Ellum Improvement District
The Deep Ellum Public Improvement District is moving into its third year and has successfully marketed the District and promoted significant growth and investment in the entertainment, retail, and residential markets. The 2001-2002 Improvement Plan calls for increases in maintenance of public areas, increases in advertising and signage and the initial stages of minor infrastructure improvements allowed by the budget.
The Prestonwood Improvement District near the intersection of Preston Road and Arapaho in North Dallas is currently the only residential public improvement district in the City. The efforts of the District in reducing crime through increased security patrols and public awareness stabilized property values during the first two years and has resulted in significant property value increases in the years to date.
Prestonwood Improvement District
click for enlargement
The Uptown Public Improvement District (UPID) was created in 1993 to improve the quality of life and the value of property within its boundaries. The boundaries of the UPID include parts of Oaklawn, the land comprising State-Thomas, and the western portion of Cityplace. Preserving Uptown's low crime rate, and creating and maintaining beautification and recreational activities are goals for the UPID. The UPID has assisted in funding the McKinney Avenue reconstruction project and is a financial supporter of the trolley.
