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City to seek TIF support and development agreement for new downtown Fire Station 18; additional PIDs proposed
Summary
Economic Development staff previewed a plan to use a TIF development agreement to finance construction of a replacement Fire Station 18 in downtown Dallas and noted two proposed public improvement districts; staff requested authorization for public hearings in mid-May.
Economic Development staff told the committee on April 7 that the city will use a TIF (tax increment financing) plan amendment and a development agreement to deliver a replacement for downtown Fire Station 18, and staff also briefed the committee on two proposed public improvement districts (PIDs) for Far East Dallas.
Fire Station 18 replacement and financing Kevin Spath, interim director of the Office of Economic Development, and Tamara Leek, interim assistant director, explained that the existing Fire Station 18 on Griffin Street is functionally obsolete and that…
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