Agenda - City of Dallas

Exhibit A
Downtown Connection TIF District
FY 2011 Annual Report
approximately $21.4 million from $85.8 million to $107.2 million. Upon completion, this
project completes contiguous redevelopment from Pegasus Plaza to the Mercantile
Building and compliments surrounding investment in Stone Street, Kirby Building,
Wilson Building, 3rd Rail Lofts, Gulf States Building, DP&L Buildings. Construction of
this project began during the fiscal year.
Joule Hotel Expansion Amended
Main Street Redevelopment Concept
Joule Hotel Expansion Amendment
Commerce Street Redevelopment Concept
Statler Hilton and Old Public Library Redevelopment Project – City Council
approved a redevelopment project for the Statler Hilton and Old Public Library that will
completely renovate both buildings, bringing them to a leasable condition. The projects
include the removal of all obsolete equipment, furniture and operating systems
(mechanical, electrical and plumbing systems), asbestos abatement and demolition of
all interior walls, cleaning and restoration of all exterior elevations including the entire
curtain wall system and store front, renovation of the elevator, electrical, fire, HVAC
systems for both buildings. The exteriors of the buildings will be restored to their
original condition.
1401 Elm Street Redevelopment Project – City Council
approved redevelopment of 1401 Elm Street, a 52- story
building, into a mixed use building that would house
residential units, ground floor retail and office uses, with
public spaces on the 9 th and 50 th floors. Multiple
ownership and ground leases, coupled with the size and
magnitude of the building has deterred redevelopment of
the building. Private investment for this project is
approximately $137 million.
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