Vickery Meadow TIF District

The Vickery Meadow TIF District is located to the east of North Central Expressway (US Highway 75), roughly bounded by Northwest Highway to the south, Twin Hills to the North, and Shady Brook Lane/5-Points at Ridgecrest/Park Lane to the west. The Vickery Meadow TIF district was created in 2006 to serve as a catalyst model for mixed-use development by redeveloping a functionally and structurally obsolete commercial and rental residential area to take full advantage of the DART light rail system, promote transit-oriented development and implement context sensitive urban design standards. The District is now home to The Shops at Park Lane, Half Priced Books (set for additional development), and numerous Vickery Meadow non-profit agencies.

The Shops at Park Lane is a $750 million, 33-acre mixed-use development that contains approximately 1.5 million square feet, consisting of a 250-room hotel, 850,000 square feet of retail and entertainment, 425 residential units, 336,000 square feet of office space and multiple parking structures.

Vickery Meadow TIF District Map

District Characteristics


TIF Lifespan

  • Creation Date: April 27, 2005
  • Expiration Date: December 31, 2027

Size

  • 179.65 Acres

Participating Jurisdictions

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

Vickery Meadow TIF District Projects Summary

Projects Within TIF District Utilizing 
TIF Funding

Units / SF
Approximate 
Value
TIF
Investment
Total
585 res. units; 
666,524 SF retail;
383,640 SF office; 
parking
$323,120,000 Principal:
$20,000,000;
Interest:
$13,000,000
Projects Within TIF District Not
Utilizing TIF Funding

Units / SF
Approximate 
Value
TIF 
Investment
Total
Complete:
170,076 SF retail 
(& Starbucks location);
Under construction: 
5,000 SF retail; 
27,000 SF mixed-use
(approx. 6,750 SF 
retail; 20,250 SF office)
$23,655,860 $0
Total (TIF & Non-TIF)
  Complete:
$338,275,860;
Under Construction:
$8,500,000
$33,000,000