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TIF South board hears Garland Lakeside plan that could add roughly $1 billion in taxable value
Summary
Assistant City Manager Andy Hesser presented a Garland Lakeside small-area plan describing five focus areas, proposed mixed-use development, trail/boardwalk connections and an estimate of "a little over 1000000000 dollars" in potential new taxable value; board asked for stakeholder notices and a GIS demonstration at the next meeting.
Assistant City Manager Andy Hesser told the Tax Increment Finance South Board that the Garland Lakeside small-area plan aims to get ahead of growth expected from the George Bush Turnpike/NTTA extension, proposing mixed commercial and residential nodes, green space and trail links around the lakeshore. "It's time that we start planning through what we're going to do along the I 30 Corridor," Hesser said, summarizing the rationale for a proactive small-area plan.
Hesser walked the board through five focus areas and a high-level fiscal analysis that shows potential for significant incremental taxable value if the land‑use and density recommendations are realized. "Looks like best I can read, that's a little over 1000000000 dollars, into in new value," he said. He emphasized the plan is long‑term and phased, and that projected values would materialize only if developers build according to the plan and infrastructure keeps pace. Board members asked for regular updates and for staff to circulate materials and GIS links before the next quarterly meeting.
