Agenda - City of Dallas

Exhibit A
City Center TIF District
FY 2011 Annual Report
Activity
District Initiatives
Scope
TIF
Investment
Metropolitan Garage Up to 600 public parking spaces $450,000
Status
3-year lease expired
January 2005
Retail Study Determine needs for District $150,000 Complete
Parking Study Determine needs for District $380,154 Complete
N/S Streetscape
Park Master Plan
Affordable Housing
Dalpark Garage
Dallas County
Courthouse Plaza
5 North/South Streets from
Young to Ross Avenue
Determine priority sites for
District
% of annual increment
transferred to Housing Dept. to
assist with affordable housing
development throughout the City
Use of 444 parking spaces for
public use (150 parking spaces
for short-term use)
Improvements to public space
(lighting, trees, seating, etc.)
$5,403,602 Complete
$182,500 Complete
$1,620,566
$2,358,780
$3,120,566 out of $5 million
funded
Lease in place until
6/30/2015 ($1,686,842
spent)
$2,625,000 Complete
Fire Corridor 1600 Block of Elm Street $149,135
Phase I Design Complete
($63,000 spent)
Third Rail Lofts Garage
CityPark Program
370 public parking spaces; 95
parking spaces for adjacent
residential developments
600 parking spaces (converted to
public use from current garages)
*$8,500,000 Complete
*$1,125,000
Program ended 2010
($1,027,818 spent)
Retail Initiative Phase I
Retail Initiative Phase II
Urban Market Retention
Vacant Building
Improvement Initiative
News Rack Ordinance
Approximately 40,000 – 60,000
s.f. of retailers through tenant
start-up cost assistance
Additional retail recruitment and
retention of critical retailers
Retention of Urban Market for
two years
To reduce the number of
downtown vacant buildings
Reduce visual clutter by install
uniformed, regulated newspaper
racks
*2,500,000
**$700,000
**$550,000
City
assistance
Staff time only
Staff time only
32,699 square feet of
occupied retail space;
$2,219,212 spent
25,942 square feet
retained/occupied;
$548,830 spent
City assistance matched by
private stakeholder funds;
Assistance ended 2008
Four buildings were
completely renovated/ two
demolished/ six under
repair
Uniformed newspaper
racks installed.
* The Third Rail Lofts Garage, CityPark Garages, and Retail Initiative will be paid from Chapter 380 funds through a
release of $12.5 million in TIF funds. **Phase II of the Retail Initiative and Urban Market assistance was funded
through Public/Private Partnership Funds.
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