With One Set to Expire and Another Almost Tapped Out, What's Next for Downtown's TIFs?

Keep Dallas Observer Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Dallas and help keep the future of Dallas Observer free.

Since its inception in 1996, the City Center TIF has captured property taxes from that neighborhood and flowed them back into downtown projects -- nearly $59 million for projects like the Joule Hotel and Republic Tower. Its neighbor, the Downtown Connection TIF, was established in 2005 and has poured $188 million into developments like the Statler Hilton and the Stoneleigh Hotel.

"Basically, they were highly catalytic in our early revitalization efforts," said John Crawford, president of Downtown Dallas, Inc. "They really provided the gap dollars that were needed to make some pretty complicated projects work early on."

But both TIFs are nearing the end of their useful life. The City Center TIF expires at the end of the year. The Downtown Connection TIF lasts until 2035 but, assuming the City Council approves its $10.3 million investment into the redevelopment of Tower Petroleum and Corrigan Tower, it'll be all but tapped out, with only $8 or $9 million left to invest.

Karl Zavitkovsky, the city's head of economic development, gave a brief update on the TIFs the City Council's Economic Development Committee yesterday. For the expiring City Center TIF, the city will need to "see what other projects are proposed downtown and look at how to extend (the TIFs boundaries) or expand the budget."

The plans are similar for the Downtown Connection: Look at the potential for new development and look at extending the district's boundaries to get more investment money, much as was done earlier this year with the Victory Park TIF.

Crawford said the city is looking at its options and it's too early to say what its final determination will be. Downtown's development needs are different now than they were 15 years ago, but Crawford thinks there is still considerable room for TIF investment.

"I imagine some form of TIFs being available," he said.

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the Observer community and help support independent local journalism in Dallas.


Join the Observer community and help support independent local journalism in Dallas.