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Oak Cliff Gateway TIF District
The Oak Cliff Gateway TIF District is bordered by I-30 on the north, the Trinity River Corridor on the north east and 12th Street on the south. The district was created in 1992 to promote the redevelopment, growth and stabilization of the area. The district was created for a period of twenty years with an expiration date of December 31, 2012.
In subsequent years, several amendments extended the term of the district and expanded its size. In 2014, City Council created two sub-districts within the Oak Cliff Gateway TIF District: (a) Oak Cliff Gateway Sub-District (original district boundary) and (b) the Bishop/Jefferson Sub-district (an expansion area of approximately 193 acres to accommodate future development planned in the Bishop Arts and Jefferson Corridor area). The term of the Oak Cliff Gateway Sub-district was further extended by five years to December 31, 2027, and the termination date for the Bishop/Jefferson Sub-district was established as December 31, 2044.
In subsequent years, several amendments extended the term of the district and expanded its size. In 2014, City Council created two sub-districts within the Oak Cliff Gateway TIF District: (a) Oak Cliff Gateway Sub-District (original district boundary) and (b) the Bishop/Jefferson Sub-district (an expansion area of approximately 193 acres to accommodate future development planned in the Bishop Arts and Jefferson Corridor area). The term of the Oak Cliff Gateway Sub-district was further extended by five years to December 31, 2027, and the termination date for the Bishop/Jefferson Sub-district was established as December 31, 2044.
Oak Cliff Gateway TIF District Map
The Oak Cliff Gateway Sub-district follows the original district boundary. In 2014, when the Bishop/Jefferson Sub-District was added to the Oak Cliff Gateway TIF District, the term of the Oak Cliff Gateway Sub-district
was extended by five years to December 31, 2027.
In August 2015, an additional boundary amendment was approved to add approximately 4.9 acres of currently vacant and under-utilized land to the Oak Cliff Gateway Sub-District for the development of the Oxygen project.
The Oak Cliff Gateway Sub-district's assessed 2016 tax value was $233,531,941. This represents an increase of $193,434,318 or 482% over the base year value and an increase of 4% over 2015's final value.
In August 2015, an additional boundary amendment was approved to add approximately 4.9 acres of currently vacant and under-utilized land to the Oak Cliff Gateway Sub-District for the development of the Oxygen project.
The Oak Cliff Gateway Sub-district's assessed 2016 tax value was $233,531,941. This represents an increase of $193,434,318 or 482% over the base year value and an increase of 4% over 2015's final value.
In 2014, an expansion of the Oak Cliff Gateway TIF district and plan amendment was approved to create two subdistricts within the Oak Cliff Gateway TIF District, adding the Bishop/Jefferson Sub-district to the original boundary of the Oak Cliff Gateway Sub-district. The Bishop/Jefferson Sub-district added approximately 193 acres to accommodate future development planned in the
Bishop Arts and Jefferson Corridor area. The termination date of the Bishop/Jefferson Sub-district is December 31, 2044.
The Bishop Arts/Jefferson Sub-district had an assessed 2016 tax value of $135,594,618, an increase of $30,452,539 or 29% over the base value.
Bishop Arts and Jefferson Corridor area. The termination date of the Bishop/Jefferson Sub-district is December 31, 2044.
The Bishop Arts/Jefferson Sub-district had an assessed 2016 tax value of $135,594,618, an increase of $30,452,539 or 29% over the base value.
District Characteristics
TIF Lifespan
- Creation Date: November 11, 1992 (Oak Cliff Gateway Sub-district); December 10, 2014 (Bishop/Jefferson Sub-District)
- Expiration Dates:
- Oak Cliff Gateway Sub-district: December 31, 2027
- Bishop/Jefferson Sub-district: December 31, 2044
Size
- 453 Acres (excluding Right of Way)
Participating Jurisdictions
- City of Dallas
- Dallas County