Oak Cliff Gateway TIF District Had Second-Best Fiscal Year Among Dallas’ 18 TIF Districts
According to a report prepared for this morning’s meeting of the City Council’s Economic Development Committee, the taxable value of the Oak Cliff Gateway TIF District increased by 34 percent between fiscal 2011 and fiscal 2012, from $95.1 million to $127.4 million. That was the second-highest percentage increase among the city’s 18 tax-increment financing districts; the leader by a mile was the Cypress Waters TIF District, which went from $73,000 to $219,000, a whopping increase of 199 percent.
North Oak Cliff has two other TIF districts. Taxable values in the Fort Worth Avenue TIF District increased by 0.2 percent, from $108.9 million to $109.1 million. Such values dropped by 0.5 percent in the Davis Garden TIF District, from $140.8 million to $140.2 million.
The same report has a list of projects completed and approved in fiscal 2012. North Oak Cliff accounts for three of the eight completions: Metro Paws Animal Hospital (Fort Worth Avenue), the Taylor Farms apartments (Davis Garden), and the Zang Triangle apartments (Oak Cliff Gateway). It also accounts for two of the five projects approved: Davis Street Market (Davis Garden) and Sylvan Thirty (Fort Worth Avenue).