[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6429320,"mediaKeyId","5897048-6c3a32a33b54b8f30cab6787bbf7c43a","parentId",5897048,"title","Dallas committee backs TIF boundary expansion and up to $103 million subsidy for Bank of America Plaza redevelopment","audioSeconds",3217,"startMs",163000,"endMs",3380000,"viewUrl","/Search/View?dp=1&key=5897048-6c3a32a33b54b8f30cab6787bbf7c43a&start=163&end=3380","thumbnailUrl","https://assets.pipeline.soar.com/5897048-6c3a32a33b54b8f30cab6787bbf7c43a/thumbnail_163000.jpg","articleUrl","/articles/6429320/Dallas/Dallas-County/Texas/Dallas-committee-backs-TIF-boundary-expansion-and-up-to-103-million-subsidy-for-Bank-of-America-Plaza-redevelopment","mediaUrl","https://secure.pipeline.soar.com/6429320-ca20429db32a50550aeff138e1ea0296/orig.mp4?Expires=1770508923&Signature=gZx6bi5HehrNA5hoicl1PXYHGatZwZgM8ENiwOQl86OgTTsY72PEVzckwixgvPqJ1Im01VnqOPA3J~mchW9dZmJu86CgoCgbswnaAY1PXYDy9kIToMGXsjFnx9bX0PE2UT6LLOxbu8CGbzWQ2dT-ZETzDu4hbUIOMZaDK4meHmYI5PQfFj9pSFeKZ7gmMTCUs40HSsfiYFnuX7YIYM2gwpVcPsVK~dLgvdrbcYM2h2bxMdvC5ieFDwAft5dUQsb8uSzEiNhaah-m9YrVUmF1YgSG--XoE~dRk~ydhw2vpWHk~P0QXNvu4UkmJ7WP6~y-JOEIv-BNQLMScEvbQkRUgw__&Key-Pair-Id=KUT5TJCACFTXG","author","Dallas","date","2025-10-06T00:00:00Z","article","The City of Dallas Economic Development Committee voted to advance a package of actions that would expand the Downtown Connection tax increment finance (TIF) district to include 901 Main Street (the Bank of America Plaza) and 1401 Commerce Street (the Magnolia Building) and recommend a project subsidy for the 901 Main redevelopment not to exceed $103,000,000. Vice Chair Ridley moved to advance staff’s recommendation and the motion carried, with the committee recording six votes in favor and one opposed; the transcript does not list individual roll-call votes.

The measure now moves to full City Council, which must call and hold a public hearing under state law before amending a TIF district project plan. Staff said City Council is scheduled to call the public hearing on Oct. 8 and hold it on Oct. 22, at which time the council will consider two items: (1) the TIF plan amendment to expand the district boundary and (2) the proposed subsidy for the redevelopment project.

Why it matters: Staff and the TIF board presented the package as a large-scale effort to reuse underutilized downtown office space, stabilize downtown tax base and support place‑making along the Lamar Corridor in the Central Business District (CBD). The redevelopment is tied to other downtown investments, including the Convention Center redevelopment, staff said.

What the plan would do: Kevin Spath, Director of the Office of Economic Development, and Tamara Leake, interim assistant director over real estate development incentive programs, described a redevelopment led by PAHG Partners LLC (a joint venture the presentation identified as Pegasus Ablon and Hoch Global). The scope described by staff includes: reducing the tower’s office area from about 1,800,000 square feet to roughly 1,500,000 square feet; adding about 200–280 hotel rooms and roughly 330,000 square feet of hotel amenity space; constructing a new 1,115-space parking garage; creating about 15,000 square feet of street-level retail/restaurant space; and adding an elevated pedestrian walkway linking the garage and hotel lobby. Staff stated the total project cost is approximately $409,086,740.

TIF subsidy and conditions: Staff recommended, and the Downtown Connection TIF District Board recommended with amendment, a TIF subsidy in an amount not to exceed $103,000,000 (the TIF board requested an additional $5,000,000 specifically to require the parking garage be designed to support future vertical development equivalent to 200 hotel or residential units). Leake told the committee the subsidy is a combination of directly reimbursable costs (environmental remediation, interior and exterior demolition, street and utility improvements, streetscape work) and a performance-based grant component; if reimbursable costs come in lower the total subsidy would be reduced. Leake described required preconditions and deadlines in the development agreement term sheet, including: close of acquisition by Sept. 30, 2026; evidence of debt and equity commitments by Dec. 31, 2026; an executed hotel franchise agreement by Sept. 30, 2026 with a four‑star or higher brand; building permit milestones; minimum street‑level occupancy requirements (minimum 5,000 square feet occupied) and an operational hotel; quarterly construction reporting; a local‑hiring expectation; and a post‑construction audit that could reduce the TIF subsidy proportionally if total project costs are lower than projected.

Board and district background: Leake summarized the Downtown Connection TIF District’s history: created by petition in 2005 to fund capital improvements and spur downtown redevelopment, with the Downtown Dallas Development Authority (DDDA) supporting implementation. Staff stated the district’s estimated net present value budget is about $402,900,000 and the district is scheduled to expire in December 2035 unless its budget is exhausted earlier. Staff said previous amendments (June 2022) created two subdistricts and increased the district budget to accommodate anticipated development; the boundary amendment before the committee would add 901 Main and 1401 Commerce to allow use of TIF funds for those redevelopments.

Committee discussion and concerns: Committee members asked about local‑hiring monitoring, the TIF budget capacity to support both the 901 Main and Magnolia projects, timing and urgency of the public schedule, and whether the Magnolia project was sufficiently vetted. Tamara Leake told the committee the district was increased in 2022 to create capacity and staff believes there is budget capacity to support both projects, with timing of payments tied to project performance and completion. Several members urged careful vetting of Magnolia before any subsidy decisions; staff and the chair clarified that adding Magnolia to the district boundary is not a request for TIF dollars for that property today but would enable future applications.

Vote and next steps: The committee approved advancing staff’s recommendation to full council with the TIF board’s amendment (the additional $5,000,000 condition for garage vertical support). Council will receive the items on Oct. 22 after a public hearing called on Oct. 8. If City Council approves the plan amendment and subsidy, the development agreement and associated conditions described by staff would govern eligibility for TIF reimbursements and grant payments.

Notes and limitations: The committee record shows a 6–1 committee vote but does not list individual members’ roll-call positions in the transcript. Specific details about the hotel flag, final equity and debt commitments, and final construction timetable were described as contingent on developer negotiations and ongoing underwriting; staff indicated some requirements (for example, the hotel franchise) must be met by contract dates identified in the term sheet.","mediaType","Video","parentTitle","Economic Development","oneSentenceSummary","The City of Dallas Economic Development Committee voted to advance staff recommendations to expand the Downtown Connection TIF district to include the Bank of America Plaza (901 Main) and 1401 Commerce (the Magnolia Building) and to recommend a tax‑increment subsidy for the 901 Main redevelopment not to exceed $103 million.","taxTitle","Dallas, Dallas County, Texas","taxId",2781,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6429317,"Committee delays vote on ordinance requiring off‑street parking plans for large construction projects in PD 193",1850,3447000,5297000,"/Search/View?dp=1&key=5897048-6c3a32a33b54b8f30cab6787bbf7c43a&start=3447&end=5297","https://assets.pipeline.soar.com/5897048-6c3a32a33b54b8f30cab6787bbf7c43a/thumbnail_3447000.jpg","/articles/6429317/Dallas/Dallas-County/Texas/Committee-delays-vote-on-ordinance-requiring-offstreet-parking-plans-for-large-construction-projects-in-PD-193","https://secure.pipeline.soar.com/6429317-7bea512015cb704ca49c9d3c16da9f74/orig.mp4?Expires=1770508923&Signature=WLtB8758zjXGK7yCBtEC6BytyI90vSjwp5dQYCBOoC9X4atgnCUDsLUSEGLVKNtH5AlnmYWuC7PsIpj3TNjPX8bFS4VObMiQaHgDZQaCgg-GFx-B3BCvi9Q80Lb0XpcnnMHirS5YSeTuSg0IJwqPX~DVeO3aA0LiQEZkUxxNj3G-6ENyAS~uIj~1nqeaYt7ohzoVnvHxEuU8CF5Kqx0ZHX1s6d4zxsukAjCB3t6gIxF3K8qzCZV4GVyKnuJOcU0enuaL3h0KM5w4VvKlznLx4tTgVLt8F4JROBKguNKfkcUzlYb87u~Z1ahzWnd5R3hBBHvNswpxoEVJj8T1jAcNvA__&Key-Pair-Id=KUT5TJCACFTXG","City of Dallas planning staff presented a proposed amendment to Chapter 52 of the city code that would require applicable construction projects in Planned Development (PD) 193 to submit an off‑street parking plan as part of the permitting process. The Economic Development Committee voted to hold the proposal until its November meeting after members requested the ordinance text be distributed to committee members and asked staff to continue stakeholder engagement; Vice Chair Ridley moved to hold and the motion was seconded and approved by the committee.

What staff proposed: Veil Liu, Director of Planning and Development, introduced Deputy Director and Chief Building Official Sam Eskander to present the proposal. Staff said the amendment is a response to repeated constituent complaints about construction workers occupying street and metered parking in PD 193 (the planning district covering Uptown, Oak Lawn and nearby areas). The version presented narrows triggers and requirements compared with earlier drafts; under the current language discussed, an off‑street parking plan would be required when all three conditions are met: the project is within PD 193, the construction is expected to continue more than one year, and the project exceeds 200,000 square feet of floor area.

Plan contents and enforcement concerns: Staff outlined the elements a plan must include: a site plan showing off‑street parking for workers and visitors; anticipated worker counts versus parking spaces; a list of approved on‑site or off‑site parking lots; responsible‑party contact information; transit options; and compliance statements. Industry stakeholders — including representatives for the Real Estate Council of Dallas (TREC), Dallas Builders Association and other development groups — told the committee they do not oppose the policy objective but raised practical concerns about implementation: sequencing and timing of permit submittal, whether vendor contracts for temporary parking would be subject to public‑records requirements, how off‑site lots would be brought into compliance, and how enforcement would be carried out when contractors nonetheless park on public streets.

Committee direction and timeline: Committee members said they support the objective of reducing construction parking pressure on public streets but requested more time to review the ordinance language and for additional stakeholder coordination. Vice Chair Ridley noted he has advocated for action on the issue for over a year but supported holding the item given members’ requests for more detail. The committee directed staff to distribute the ordinance text to members, include parking enforcement representatives at the follow‑up meeting, and return the item to the November committee meeting for further consideration.

Notes and limitations: Staff said they reviewed other cities’ programs and pilots (examples cited in the briefing included limited programs in Austin and Chicago) and that the draft before the committee had been narrowed since a November 2024 briefing. No committee vote on final adoption occurred; the motion recorded in the transcript was to hold the item for additional review and stakeholder work.","City of Dallas planning staff proposed an amendment to Chapter 52 requiring off‑street parking plans for large, long‑running construction projects in PD 193; the Economic Development Committee held the item for further review and asked staff to distribute the draft ordinance and return in November.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6429314,"Committee reviews $200,000 ARPA seed funds to support Redbird PID first‑year management tasks",120,3270000,3390000,"/Search/View?dp=1&key=5897048-6c3a32a33b54b8f30cab6787bbf7c43a&start=3270&end=3390","https://assets.pipeline.soar.com/5897048-6c3a32a33b54b8f30cab6787bbf7c43a/thumbnail_3270000.jpg","/articles/6429314/Dallas/Dallas-County/Texas/Committee-reviews-200000-ARPA-seed-funds-to-support-Redbird-PID-firstyear-management-tasks","https://secure.pipeline.soar.com/6429314-777c0e1662264488f82cc25acbef2cd8/orig.mp4?Expires=1770508923&Signature=TAnAJ1yshF8-0xcffAgDYeXjOixhkYtgyml8JEj7qlP4Rb7BBrdsvVkt7bgbMjy5fgXkT0yHlTiq0IbOnciton~bxlUYNLYzguRGY~0aOroBYu0EQL1-EqE521q5QQOCwhyrcWzeGIvFMS1BoNCvWnex7Rk8VBzxiejauQsLT8JNIWmK~LJqU73kLPAVCBaIcxpaWKUN56-zm2ME3y~Rwr5F07I2KUtV~5-WYZao1QBf5ZfSCkNgFrLAVcE3QFgpYwnzSZ6SAww1QtreTfHA79cSotR-oSY9iAn6Rc0P-D3IEqfucHIqerGQqyIJC232Ycs8pgMna2e-Z2NkcqjODw__&Key-Pair-Id=KUT5TJCACFTXG","City of Dallas economic development staff briefed the committee on a one‑time, $200,000 allocation of council discretionary ARPA funds to support management and program delivery for the newly established Redbird Public Improvement District (PID). The memorandum presented to the committee would fund a 13‑month management contract to supplement the PID’s limited operating budget for its first year.

What staff described: Kevin Spath introduced Maria Smith, assistant director overseeing PID program management and budget compliance. Staff told the committee the Redbird PID’s base annual PID budget is approximately $280,000, which primarily covers patrol services; the proposed $200,000 ARPA allocation would be a one‑time supplemental grant to the PID management entity for a set of first‑year deliverables. Staff listed intended uses: install surveillance cameras across the district, establish a command center and security plan, design and fabricate wayfinding signage, commission public art, develop a beautification strategy, and prepare a marketing and communications package (logo, website, collateral) and a strategic plan. Maria Smith described the contract as a single 13‑month agreement that would lapse Dec. 31, 2026, and be funded solely with the discretionary ARPA allocation; the longer 10‑year PID management agreement referenced in the briefing is funded through PID revenues and is separate.

Committee comments: Committee members thanked staff for work to stand up the PID and cited the use of ARPA funds to seed the district’s first‑year implementation activities. No formal committee vote on the ARPA allocation was recorded in the meeting transcript provided; staff said the ARPA funds are discretionary council‑designated funds and described the management contract terms and deliverables.

Notes and limitations: The briefing referenced a prior council approval of a 10‑year management agreement funded by PID revenue; the ARPA allocation described at this meeting is a separate, limited supplemental contract for specific first‑year deliverables. The transcript does not show a recorded committee action to approve or deny the ARPA contract during this meeting.","Staff described a one‑time, $200,000 allocation of council discretionary ARPA funds to support a newly formed Redbird Public Improvement District’s first‑year management activities, including security, wayfinding, art and marketing; the item was presented for questions and no committee vote on the allocation appears in the transcript.","actionData","errors"]

Article not found

Dallas committee backs TIF boundary expansion and up to $103 million subsidy for Bank of America Plaza redevelopment

Committee delays vote on ordinance requiring off‑street parking plans for large construction projects in PD 193

Committee reviews $200,000 ARPA seed funds to support Redbird PID first‑year management tasks