Since 1989 with the creation of the city's first TIF district, the Office of Economic Development has been building a successful toolbox for urban redevelopment projects.
Our staff has unequaled expertise at fostering complex public-private partnerships for unique real estate projects.
DALLAS TAX-INCREMENT FINANCING PROGRAM: A LEGACY OF SUCCESS
From the first TIF District (State-Thomas) to the twentieth (Mall Area Redevelopment), the Office of Economic Development has worked with private developers and investors to deliver.
- Real property values have increased 238.8% compared to the base year across all districts;
- Nearly 30,000 new residential units have been built over the life of the districts, with nearly 7,500 more units under construction;
- 10.1 million square feet in new commercial space has been completed, including office, retail and flex spaces, with 3.6 million sq. ft. under construction;
- The TIF program has helped to add 4,000 hotel rooms, with another 1,500 currently under construction.
In FY 2016, the TIF program delivered $270 million in combined value of new construction or major renovations.