News
Downtown Denton TIRZ Expanded
In Sept. 2024 the Design Downtown Denton Plan was adopted by Council and included the expansion of the TIRZ boundaries as a top priority. In December 2024, the City Council took the final step to do just that! Click here to read more
Two new TIRZs approved in Midland!
In December 2024 the City AND the County moved forward with the creation of two Tax Increment Reinvestment Zones, focused on planning ahead for future growth. This is a great partnership that will support needed infrastructure and encourage private development. Click here to read more
Stephenville Approves 3rd TIRZ
Congratulation to the City of Stephenville on the creation of their 3rd TIRZ. The City has been strategic in using TIRZs to leverage private investment in City and this 3rd TIF is another great example of encouraging new investment for priority projects. The article below discusses some of the success Stephenville has had with the […]
Tanger Outlets preps for retail destination near Texas Motor Speedway
After years of various delays, the Tanger Factory Outlet Centers Inc. has begun moving forward with plans to bring an upscale outlet center to a site adjacent to Texas Motor Speedway. The near-upscale outlet center will total about 350,000 square feet with more than 70 retailers that will anchor Champions Circle, a 279-acre mixed-use development. So […]
AC Hotel, a brand popular in Europe, gets key incentive to build in downtown Fort Worth
Fort Worth Star Telegram, by Sandra Baker FORT WORTH Construction on the $68.5 million, 16-story AC Hotel on Main Street in downtown Fort Worth will begin mid-2018, the developer said Wednesday after a special taxing district approved a $4.1 million incentive for the project. For a moment during the Downtown Tax Increment Finance District board […]
Council approves tax zone development in northwest El Paso
n 2018, DPED worked with City of El Paso staff as their consultant to get three Tax Increment Reinvestment Zones passed by City Council. Source: KFOX 14 “El Paso City Council members voted to pass the controversial Tax Increment Reinvestment Zones to develop an area near the Franklin Mountains in northwest El Paso. The zone […]
Kerrville Council debates Tax Increment Reinvestment Zone, passes budget
In 2018, David Pettit Economic Development was hired by the City of Kerrville to create the City’s first ever Tax Increment Reinvestment Zone.
