The Pettit & Ayala Consulting Logo

Projects > Montgomery Plaza

An image of Montgomery Plaza

Montgomery Plaza

Working with Weber and Company, and Kimco Developers, we developed an economic development strategy and negotiated the redevelopment of the vacant 800,000 square foot Montgomery Wards building and the surrounding 45 acre site into over 300,000 square feet of mixed-use retail including a SuperTarget anchor. We prepared the financial information necessary to initiate an economic incentive request totaling $22 million in public incentives. We were able to manage the negotiations between the developer and the multiple taxing jurisdictions. This included an extensive cost/ benefit analysis showing the impacts of the project on the community. The development was the first major retail project to be initiated in Downtown Fort Worth in over 20 years.

See More:

City of Bay City Creates 5th TIRZ

Celina TIRZ #5

A rendering of Celina TIRZ 5

Bay City TIRZ #1 & TIRZ #2

An overhead image of Bay City

Stockyards Incentive Agreement

An image of the Fort Worth Stockyards Station
1 2 3 … 7