fy 2012-13 proposed capital improvement budget - City of Dallas

ECONOMIC DEVELOPMENT PROGRAMS AND INITIATIVES
6. Land Bank will acquire 125 lots and sell 75 lots to developers for
construction of affordable homes for sale to eligible low- to
moderate-income homebuyers.
7. Negotiate one additional project in Parkland area (Southwestern
Medical and Maple-Mockingbird TIF Districts).
8. Finalize analysis of redevelopment plans for Bishop Arts Village and
consider creation of a new TIF District.
9. Pursue community development and area plan for Paul Quinn
College/Highland Hills neighborhood.
10. Acquired property for Lancaster Urban Village (across from VA
Hospital on Lancaster) for construction of mixed use TOD project
with 193 (98 affordable) apartment units, 13,926 square feet of
retail/restaurant/commercial space and a 405 space parking garage.
11. Establish SOURCELINK small business support program in Dallas.
12. Grocery store development in Southeast Dallas.
13. Start vertical construction on Lancaster Urban Village.
SERVICE DESCRIPTIONS
Acquisition & Demolition Economic development in the Southern area of
the city, as well as other areas of the city in connection with transit oriented
development, through planning, designing, constructing, improving,
extending and expanding public street, utility and other infrastructure
facilities, including the acquisition of land therefore, and through funding the
city’s programs for economic development including the acquisition of
improved and unimproved properties, the demolition of existing structures,
making loans and grants of bond proceeds and otherwise providing
assistance for private commercial, industrial retail, residential and mixed-use
development.
Cedars Tax Increment Financing District Initiated in 1992, the Cedars Tax
Increment Financing District provides infrastructure improvements in the
Cedars area. The TIF will expire in 2022.
City Center Tax Increment Financing District Initiated in 1996, the City
Center Tax Increment Financing District provides a long-term program to
replace and upgrade the area’s infrastructure and create a vibrant downtown
core district. The intent of the program is to improve the economics for
developing residential property in the downtown core and creating a
destination retail district that serves downtown residents and visitors and
supporting the office market. The TIF will expire in 2012.
Cityplace Area Tax Increment Financing District Initiated in 1992, the
Cityplace Area Tax Increment Financing District consists of a program of
public improvements intended to stimulate new private investment in the
Cityplace neighborhood over a 20-year period. The TIF will expire in 2012
but increment collections are complete for the district.
Davis Garden Tax Increment Financing District Initiated in 2007, the
Davis Garden Tax Increment Financing District provides a long-term program
to replace and upgrade the area’s infrastructure, support redevelopment of
structurally obsolete apartment and commercial development in the North
Oak Cliff area and create a vibrant mixed-use district in the area southwest of
the intersection of Westmoreland Road and I-30. The TIF will expire in 2039.
Deep Ellum Tax Increment Financing District Initiated in 2005, the Deep
Ellum Tax Increment Financing District provides funding for environmental
remediation and infrastructure improvements in the Deep Ellum area. The
TIF will expire in 2028.
Design District Tax Increment Financing District Initiated in 2005, the
Design District Tax Increment Financing District provides funding for
environmental remediation and infrastructure improvements in the Design
District area. The TIF will expire in 2028.
Affordable Housing Land acquisition for the development of low and
moderate-income, owner-occupied, single-family homes. These are housing
related services and are provided by the Housing Department.
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