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Council approves Tax Increment Finance district for Farrington area to fund stormwater, preservation
Summary
The Fort Worth City Council voted to create a tax increment finance (TIF) district covering the Farrington corridor, a move council members said is aimed primarily at stormwater and flood-control work while preserving Farrington Field.
The Fort Worth City Council on June 10 approved creation of a tax increment finance district covering the Farrington area to support stormwater and preservation work.
Council member Elizabeth Beck, who moved the measure, said the TIF would allow the city to shape development along the West Seventh/Farrington corridor and help preserve Farrington Field. "As we do that as a city, it's imperative that we do that deliberately," Beck said before making the motion.
The move drew praise from preservation advocates who had pushed for a solution that would protect the 1938 Farrington Field and its adjoining Billingsley Field House, both listed in the National Register of Historic Places. "I have come to thank you for your work that explores a partnership with the Fort Worth Independent School…
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