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Garland TIF board says land acquisition funds, incentives could jumpstart Lakeside projects
Summary
Staff told the board that modest land-acquisition funds in the bond program could allow the city to act if developers need assistance for site control; struck-off foreclosed parcels within the TIF give the city leverage on some waterfront land.
City staff told the Tax Increment Finance South Board that a portion of the 2025 bond program and TIF resources include modest land-acquisition funds that could be used to secure parcels or offer incentives to developers. "We've got some modest funds to help... help do that," Andy Hesser said, describing the city's ability to act on tax‑foreclosed ('struck off') parcels that are partially under municipal custody.
Hesser explained many of the vacant parcels are held by out‑of‑town housing finance corporations or sit as struck‑offs following tax foreclosure; the city intends to use those opportunities strategically and council maintains approval authority for HFC projects. Board members requested notices and regular updates as staff continue outreach to developers.
