Agenda - City of Dallas

Exhibit A - Cedars TIF District
FY 2011 Annual Report
the project and reduced the required TIF funding by $700,000. The Beat
received a Certificate of Occupancy in March 2009 and will complete some
landscaping and pedestrian lighting work in late 2010.
On March 21, 2007, the TIF Board recommended an additional $65,521 in TIF
funding for the South Side Pedestrian Improvement Project, leveraging an
additional $650,000 in private and federal funds for sidewalk and streetscape
improvements on Lamar Street and Belleview Street from the Convention
Center to the Cedars DART station. This $5.7 million project began
construction on July 30, 2008 and completed its first phase in July 2010.
Construction on Phase II, the project’s final phase, began in July 2011. It is
scheduled to be completed during the second quarter of FY 2012.
Also on March 21, 2007, the TIF Board recommended $192,000 in funding for
streetscape improvements along Ervay Street to support Millers Ferry Row
Town Homes. Millers Ferry Row Town Homes completed construction in
October, 2007.
Add 700 residential units.
In district: To date 196 residential units
have been completed and 12 are planned
for a total of 208 units complete, under
construction, or planned in the district,
totaling 30 percent of the goal. Multifamily
developers have continued to show
interest in the district, both for town home
style developments and for more dense
mid- and high-rise developments.
The Beat at South Side Station
(Source: Matthew Southwest)
Adjacent to district: South Side on Lamar added 455 residential units to the
area.
Total: 663 units complete, under construction, or planned in the district.
Add 400 hotel/motel rooms.
In district: No additional hotel rooms have been added.
Adjacent to district: Matthews Southwest is currently planning a boutiquestyle
hotel/development at the northwest corner of Lamar Street and
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