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Downtown board approves City Center TIF annual report, allows minor edits before council
Summary
The Downtown Dallas Development Authority board approved the City Center tax increment finance district annual report for fiscal year 2022–23 and granted staff authority to make ministerial corrections before submission to City Council.
The Downtown Dallas Development Authority board approved the City Center tax increment finance district annual report for fiscal year 2022–23 and granted staff authority to make ministerial corrections before the report goes to City Council.
The report documents that the City Center core subdistrict terminated during the reporting period and that the West End–Lamar subdistrict will remain active. Staff told the board the district has a budget capacity of about $152,000,000 and that $103,000,000 had been committed or spent to date, leaving roughly $49,000,000 available to allocate before the district terminates.
Doris Parker, who presented the report to the board, said that approximately $81,500,000 in TIF funds have…
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