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TIF board approves amended subsidy for Lancaster retail project, adds Wingfields and Frost Bank as tenants
Summary
The City of Dallas TOD TIF Board approved amendments to Resolution 24-0356 to increase a TIF subsidy and adjust project requirements for a retail development at 3011–3039 S. Lancaster Road, committing Frost Bank and local restaurant Wingfields as tenants and adding hiring and MWBE participation goals.
The City of Dallas TOD TIF Board voted June 10, 2025, to approve staff’s recommendation to amend Resolution 24-0356, changing terms of a tax increment financing (TIF) development agreement with UCR Development Services LLC for a retail project on city-owned land at 3011–3039 South Lancaster Road.
The amendment increases the TIF subsidy from the amount previously authorized and adjusts project requirements so the development will proceed as two new build-to-suit buildings anchored by Frost Bank and Oak Cliff-based restaurant Wingfields. Staff told the board the total restructured project cost is about $8.4 million and the developer will be required to secure minimum 10-year leases for both anchors.
Board members and the developer said the project moved from a three-building concept to two buildings after tenant-driven changes and the loss of a national tenant during predevelopment. Don (developer representative) told the board that…
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