Agenda - City of Dallas

Cityplace Area TIF District
FY 2011 Annual Report
Mission Statement
The mission of the Cityplace Area TIF District is to promote the redevelopment and
stabilization and economic growth of the area. An accompanying goal is the
stabilization and growth of the value of the area’s tax base.
The Cityplace Area TIF District was established by Ordinance Number 21465 on
November 11, 1992. On November 10, 1993, the City Council amended Ordinance
Number 21465 by Ordinance Number 21884, which set the Cityplace Area TIF District
expiration date as December 31, 2012, or when sufficient TIF revenues are collected to
fund all budgeted improvements. In FY 2008, the Cityplace Area TIF District collected
its final increment as the districts budgeted improvements had been sufficiently funded.
Upon establishment, the TIF District included approximately 300 acres (including right of
way) of underutilized commercial and residential properties along both sides of Central
Expressway generally, between Lemmon Avenue West on the South and Haskell
Avenue and Peak Street on the North. The western boundary runs the length of the
KATY Trail between Lemmon Avenue and Haskell Avenue (old Haskell). The Eastern
boundary is generally bounded by Carroll Avenue, Peak Street, Lafayette Avenue,
Cochran Street, Washington Avenue, and Thomas Street. The Office Tower at
Cityplace, 2711 Haskell Avenue, was completed before the district was established and
excluded from the district by the creation ordinance. Most of the developable land in the
District faces Haskell Avenue, Blackburn Street, McKinney Avenue, Lemmon Avenue
West and Cole Avenue; however, it is possible that one of the planned mixed use,
transit oriented developments may front on Central Expressway.
The District Project Plan and Reinvestment Zone Financing Plan was approved by
Ordinance Number 21769 on August 11, 1993 and subsequently amended by
Ordinance Number 21931 (December 8, 1993) and Ordinance Number 22959 on
November 13, 1996.
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