DART proposes automatic TIRZ contributions to spur transit‑oriented development
DART and city staff briefed the committee on a master interlocal agreement that would allow DART to contribute 20–50% of its sales‑tax increment (with up to 65% in special cases) to qualifying TIF/TIRZ districts that contain transit anchors; the city must match DART's contribution dollar for dollar and staff expects the item on the full council agenda in September.
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City economic development staff and DART officials presented a proposed interlocal agreement to allow automatic DART contributions to qualifying tax increment reinvestment zones. Caitlin Holland, vice president of real estate and economic development for DART, said the ILA would let DART "participate financially and facilitate economic development" without changing state law. The framework calls for automatic contributions to TIF districts that contain a transit anchor (stations, transit centers, bus hubs) and are served by DART-operated or contracted service.
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