Mall Area Redevelopment TIF District

Valley View-Galleria Area Plan Vision
The Mall Area Redevelopment TIF District unites investment in the City's two legacy indoor malls into one of the nation's largest urban redevelopment projects. By combining the Valley View-Galleria district in North Dallas with Southern Dallas' Southwest Center Mall into one district, the Mall Area Redevelopment TIF will help to ensure an orderly and expedited redevelopment of these two premier gateway locations. TIF funds will assist with the provision of public infrastructure improvements that stimulate private investment and the creation of mixed-income housing.

Mall Area Redevelopment TIF District Map

Mall Area Redevelopment TIF District Sub-districts


  1. Montfort-IH 635 Sub-district
  2. Westmoreland-IH 20 Sub-district
The Montfort-IH 635 Sub-district, anchored by the former Valley View Center site and the modern Galleria Dallas, is located in the center of North Dallas at the interchange of the recently reconstructed Interstate 635 (LBJ Freeway) and the Dallas North Tollway. Development in the six hundred (600) acre district is underway, following the adoption of the 2013 Valley View-Galleria Area Plan and the subsequent adoption of PD 887, the Valley View-Galleria Special Purpose District, the City's largest form-based zoning code. The thirty-year vision includes substantial redevelopment of many of the properties with increased densities and a signature park.

District Characteristics

TIF Lifespan


  • Creation Date: May 14, 2014
  • Expiration Date: December 31, 2044 or when the budget of $182.5 million (2014 dollars) is collected

Size


  • Total: 270.5 Acres (not including rights-of-way)
    • Montfort-IH 635 Sub-district: 173.9 Acres
    • Westmoreland-IH 20 Sub-district: 96.6 Acres

Participating Jurisdictions


  • City of Dallas
  • Dallas County
More information can be found in the annual report, available here.

Mall Area Redevelopment TIF Projects Summary

Projects & Potential Projects Within TIF
District Utilizing TIF Funding

Units / SF
Approximate
Value

TIF
Investment

Total:
demolition of office
demolition of retail
demolition of structured parking
new construction of retail
new construction of office
new constuction of multi-family residential
new construction of hotel
new construction of structured parking

4,800 SF
1,548,633 SF
243,851 SF
215,000 SF
70,000 SF
300 units
200 rooms
2,200 spaces
$200,000,000 $36,000,000
Projects & Potential Projects Within TIF 
District Not Utilizing TIF Funding    

Units / SF
Approximate
Value
TIF
Investment
Total:
new construction of multi-family residential
new construction of hotel
new construction of structured parking


321 units
256 rooms
675 spaces

$85,000,000 $0
Total (TIF & Non-TIF):

$285,000,000 $36,000,000