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Northlake council approves reinvestment zone for Business Park, enabling short-term abatements
Summary
Council approved creation of a reinvestment zone for the DFW Northlake Business Park (approx. 68 acres) and the ability to offer a six‑year sliding-scale tax abatement to incent light industrial/flex development; the vote was 6–1 after a public hearing and discussion of long-term fiscal tradeoffs.
The Northlake Town Council voted on March 13 to create a reinvestment zone covering the DFW Northlake Business Park, a roughly 68‑acre light industrial and commercial site west of State Highway 407. The zone gives the town authority to offer targeted tax abatements within the area; staff said the negotiated package includes a six‑year sliding‑scale abatement that declines by roughly 20% per year.
Nathan, the staff…
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