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Agenda - City of Dallas

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Deep Ellum TIF District FY 2011<br />

Annual Report<br />

Rendering <strong>of</strong> the potential <strong>City</strong> Lights Development on Live Oak Street<br />

Project<br />

Olympia Arts<br />

Deep Ellum TIF District Projects 1<br />

Projects and Potential Projects Within TIF District Utilizing TIF Funding 2<br />

Location<br />

3995 & 4000<br />

Eastside<br />

Ave.,<br />

201 & 224<br />

S. Hill Ave.<br />

Calendar<br />

Year<br />

Complete<br />

2010<br />

Status<br />

Phase I<br />

Phase II<br />

Phase III<br />

Completed<br />

Units/ SF<br />

18,000 SF<br />

retail, <strong>of</strong>fice,<br />

warehouse<br />

Approx.<br />

Value 3<br />

TIF<br />

Investment<br />

$1,005,750 $595,000<br />

<strong>City</strong> Lights<br />

2601 Live<br />

Oak St.<br />

2015 Proposed<br />

350 res.<br />

units;<br />

110,000 SF<br />

retail<br />

$75,000,000<br />

TBD<br />

Total<br />

350 res.<br />

units;<br />

118,000 SF $76,005,750 $595,000<br />

retail, <strong>of</strong>fice,<br />

warehouse<br />

1 All information updated as <strong>of</strong> September 30, 2011.<br />

2 All TIF funded projects.<br />

3 Based upon estimated market value at completion or <strong>of</strong> comparable projects for anticipated projects, or DCAD<br />

market value for completed projects (unless project has not yet been assessed). Values may not be fully captured by<br />

the TIF district for redevelopment projects once pre-existing value and/or the demolition <strong>of</strong> structures is netted out.<br />

7

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