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TIF board hears update on South Garland land assembly; city pursuing land swap with DART for large mixed‑use development
Summary
City staff reported that the city has assembled roughly 34 acres in the South Garland corridor, is pursuing a land swap with Dallas Area Rapid Transit that contemplates about $37 million in local agreements, and aims to assemble a 50‑plus acre tract for mixed‑use development.
City staff told the Tax Increment Finance No. 3 Board that the city has acquired roughly 34 acres in the South Garland Avenue area and is negotiating for additional parcels with the goal of assembling more than 50 acres for a large redevelopment when the I‑635 expansion is complete.
Matt Madden presented a map showing property ownership in the corridor and said the city has entered into interlocal agreements with Dallas Area Rapid Transit that…
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