Agenda - City of Dallas

Exhibit A
Vickery Meadow TIF District
FY 2010-2011 Annual Report
Vickery Meadow TIF District Projects 1
Projects Within TIF District Utilizing TIF Funding
Project
Location
Calendar
Year
Complete
Status Units/ SF 2 Approx.
Value³
TIF
Investment 4
“The
Shops
at Park
Lane”
Phase I
SE
corner of
Park
Lane &
Central
Expwy.
Phase I
2009
Phase I
construction is
complete
Phase I – 629K square
feet of retail space
(including a 76K square
foot health club); 325
apartment units; 97K
square feet of new office
space; parking
structures
2010 DCAD
Value -
$198,208,930
Private
Investment
Value
$20,000,000*
Phase I –
$441,000,000
“The
Shops
at Park
Lane”
Phase
II
SE
corner of
Park
Lane &
Central
Expwy.
Phase II
TBD
Construction
of Phase II
has been
delayed.
Phase II –
approximately 71K
square feet of retail
space, a 250 key fullservice
hotel, approx.
300 apartment units,
approx. 750,000 square
feet of office space, and
parking structure
Anticipated
Private
Investment
Value
Phase II –
$309,000,000
Total
625 units, 700,000
square feet of retail
space, 250 hotel
rooms, 850,000 square
feet of office space
$750,000,000 $20,000,000
1 All information updated as of September 30, 2011.
2 Based upon either the TIF application or required minimum stated in the development agreement. May be updated for
completed projects based on actual unit mix and square footage.
3 Based upon 1) market value of comparable projects for anticipated projects, 2) private investment stated in the
development agreement for projects that are approved or under construction, or 3) DCAD market value for completed
projects (unless project has not yet been assessed). Values may not be fully captured by the TIF District for
redevelopment projects once pre-existing value and/or the demolition of structures is netted out.
4 Principal amount not to be exceeded per the development agreement. Asterisk indicates investment also includes
interest not shown.
6