Tax Increment Financing Districts

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Tax increment financing is a tool authorized by Chapter 311 of the Texas Tax Code by which local governments can publicly finance needed structural improvements and enhanced infrastructure within a defined area called a reinvestment zone. For more information about this tool, view the City of Fort Worth's adopted TIF Policy.

  • The tax increment is derived from the difference in appraised value between the year in which the reinvestment zone is established (base year) and each year the reinvestment zone is in existence.
  • A municipality establishes a TIF reinvestment zone according to guidelines in the Texas Tax Code and other taxing entities elect to participate in TIF by approving a participation agreement, which sets forth the percentage of tax increment the taxing entity is willing to dedicate to the TIF fund.
  • A board of directors, consisting of 5 to 15 members who are representatives from the participating taxing entities and representatives of other areas as set forth in the Tax Code, is established for each TIF.

TIF 2: Speedway

TIF 2 (Speedway) was created as a means to purchase the Texas Motor Speedway (TMS) and finance needed public improvements within the TIF district boundary. The TIF district was expanded in 1999 to provide for the construction, renovation and operation of educational facilities located in the Northwest ISD tract, and to provide for additional infrastructure work such as street improvements, drainage, and traffic signs.

Date Created: Dec. 19, 1995; Expanded Aug. 10, 1999
End of Term: Dec. 31, 2035
Total Acreage: 568 (TIF 2A); 921 (TIF 2B)

Property Description: Located west of Interstate 35W off of State Highway 114 in Denton County. View the boundary map.

Projects: Purchase of Texas Motor Speedway as public improvement by the Sports Authority, public improvements within the TIF district; construction, renovation and operation of educational facilities located within the NISD tract; future infrastructure improvements to promote private development throughout the area.

Project and Financing Plan

Last amended Oct. 29, 2002. Download the full plan.

Financial Information

2A 2B
Base Value $2,842,050 $2,242,077
2015 Taxable Value $34,396,798 $26,679,077
Percent Growth 1,110% 1,090%
2015 City of Fort Worth Contribution $0 $0

Level of Participation by Entity

2A 2B
City of Fort Worth 0%* 0%
Denton County $90,000 $0
Northwest ISD Calculated by formula annually

* Ceased participation in lieu of mineral revenues.

Board Members

  • Chair: Dennis Shingleton, City of Fort Worth
  • Sal Espino, City of Fort Worth
  • Phillip Vaden, City of Fort Worth
  • Kenton Nelson, City of Fort Worth
  • Tom Kelly, City of Fort Worth
  • Lori Fickling, Denton County
  • Mel Fuller, Northwest ISD
  • Tan Parker, State Representative
  • Karen Rue, State Senator

For more information about TIFs, email TIF@fortworthtexas.gov.

TIF 3: Downtown

Date Created: Dec. 19, 1995
End of Term: Dec. 31, 2025
Total Acreage: 279 (TIF 3); 128 (TIF 3A)

 

Property Description: Generally bounded to the north by the Trinity River, east by the Burlington Northern Santa Fe Railroad (BNSF), south by Lancaster Avenue, Calhoun Street, Seventh Street, Burnett Street, and Third Street, and west by Henderson Street and Weatherford Street. View the boundary map.

Projects: Historic preservation through façade leases (for example, Ashton Hotel, Jett Land and Title), environmental remediation (for example, the Tower), utility relocation and removal (for example, the Marriott Hotel site), streetscape improvements to create a pedestrian friendly environment (for example, Cassidy Corner, Trinity Bluff), Santa Fe Freight House operations. Sundance Square plaza, parking garage leases, affordable housing (including Hunter Plaza), residential density and parking incentives, infrastructure and transportation improvements to ease transit accessibility, retail façade matching grants, school support, signage, and administration.

Project and Financing Plan

Last amended March 3, 2015. Download the full plan.

Financial Information

3 3A
Base Value $217,893,395 $104,557,242
2015 Taxable Value $800,739,067 $256,525,970
Percent Growth 267% 145%
2015 City of Fort Worth Contribution $2,777,779 $724,314

Level of Participation by Entity

3 3A
City of Fort Worth 60% 60%
Tarrant County Hospital District 40% 40%
Tarrant County College 20% 20%
Regional Water District 40% 40%
Tarrant County 40% 40%
Fort Worth ISD* 0% 0%

*At City of Fort Worth tax rate

Board Members

  • Ann Zadeh, City of Fort Worth
  • Johnny Campbell, City of Fort Worth
  • Roy C. Brooks, Tarrant County
  • Victor Henderson, Tarrant Regional Water District
  • Mark McClendon, Tarrant County College District
  • Scott Rule, Tarrant County Hospital District
  • Rep. Nicole Collier, State Representative
  • Adrian Murray, State Senator

For more information about TIFs, email TIF@fortworthtexas.gov.

TIF 4: Southside/Medical District

Date Created: Nov. 25, 1997
End of Term: Dec. 31, 2022
Total Acreage: 1,278

Property Description: Generally bounded to the north by Interstate 30 and Vickery Boulevard and to the south by Allen Street and West Arlington Avenue. The TIF extends east of Interstate 35W to Kentucky Avenue. View the boundary map.

Projects: Business development and retail (including Midtown Mixed Use, the Mehl Building, Victory Medical). parking structures (Magnolia Green), neighborhood parks (for example, Watts Park), residential (for example, the Phoenix and Oak Timbers), schools (Fort Worth ISD), signage (Wayfinding), streetscapes and transportation/infrastructure improvements (including Oleander, Magnolia, Rosedale, South Main streets), and administration.

Project and Financing Plan

Last amended Dec. 11, 2012. Download the full plan.

Financial Information

Base Value $229,759,626
2015 Taxable Value $600,738,212
Percent Growth 161%
2015 City of Fort Worth Contribution $2,854,680

Level of Participation by Entity:

City of Fort Worth 90%
Tarrant County Hospital District 50%
Tarrant County College 50%
Regional Water District 100 %
Tarrant County 50%
Fort Worth ISD 100% (through 2016)

Board Members

  • Chair: Ann Zadeh, City of Fort Worth
  • Kelly Allen Gray, City of Fort Worth
  • Early Davis, City of Fort Worth
  • Roy C. Brooks, City of Fort Worth
  • Steve Townsend, Tarrant County
  • Linda Christie, Tarrant Regional Water District
  • Mark McClendon, Tarrant County College District
  • Scott Rule, Tarrant County Hospital District
  • Ashley Paz, Fort Worth ISD

For more information about TIFs, email TIF@fortworthtexas.gov.

TIF 6: Riverfront

Date Created: Nov. 12, 2002
End of Term: Nov. 11, 2036
Total Acreage: 63.6

Property Description: Generally bounded by the Trinity River to the north, Weatherford Street to the south, Franklin Street to the east and Henderson Street to the west. View the boundary map.

Projects: Property acquisition; utility relocations and upgrades; pedestrian and streetscape improvements; roadway and storm drain improvements; public plaza, waterfront development; and demolition.

Project and Financing Plan

Approved on March 4, 2003 Download the full plan.

Financial Information

Base Value $2,822,348
2015 Taxable Value $41,509,646
Percent Growth 1,371%
2015 City of Fort Worth Contribution $0

Level of Participation by Entity

City of Fort Worth 0 %
Tarrant County Hospital District 100 %
Tarrant County College 80 %
Regional Water District 100 %
Tarrant County 100 %

Board Members

  • Chair: Ann Zadeh, City of Fort Worth
  • Cathy Young Junior, City of Fort Worth
  • Dionne Bagsby, City of Fort Worth
  • G.K. Maenius, City of Fort Worth
  • Lisa McMillan, City of Fort Worth
  • Nina Petty, City of Fort Worth
  • Roy C. Brooks, City of Fort Worth
  • Steve Townsend, Tarrant County
  • Linda Christie, Tarrant Regional Water District
  • Mark McClendon, Tarrant County College District
  • Scott Rule, Tarrant County Hospital District

For more information about TIFs, email TIF@fortworthtexas.gov.

TIF 7: North Tarrant Parkway

Date Created: Dec. 9, 2003; boundary expanded Dec. 9, 2008
End of Term: Dec. 31, 2019
Total Acreage: 2,008 (TIF 7); 95 (TIF 7A)

Property Description: Generally bounded to the south at the intersection of Interstate 35W North and Highway 287, to the north by Golden Triangle Boulevard, to the east by Old Denton Road, and along the west by Harmon Road and Interstate 35W North. View the boundary map.

Projects: Road construction supporting the Presidio Vista and HCA Alliance projects.

Project and Financing Plan

Last amended Oct. 25, 2005. Download the full plan.

Financial Information

7 7A
Base Value $1,283,324 $320,525
2015 Taxable Value $581,979,270 $18,177,073
Percent Growth 45,249% 5,571%
2015 City of Fort Worth Contribution $3,971,960 $122,139

Level of Participation by Entity

City of Fort Worth 80%
Tarrant County Hospital District 0%
Tarrant County College 0%
Regional Water District 80%
Tarrant County 80%

Board Members

  • Chair: Cary Moon, City of Fort Worth
  • Sal Espino, City of Fort Worth
  • Bill Miller, City of Fort Worth
  • Glenn Wallace, City of Fort Worth
  • Jarred Howard, City of Fort Worth
  • Ken Kristofek, City of Fort Worth
  • Michael O’Harra, City of Fort Worth
  • Neftali Ortiz, City of Fort Worth
  • Russell Fuller, City of Fort Worth
  • Russell Laughlin, City of Fort Worth
  • Clint Abernathy, City of Fort Worth
  • Gary Fickes, Tarrant County
  • Linda Christie, Tarrant Regional Water District

For more information about TIFs, email TIF@fortworthtexas.gov.

TIF 8: Lancaster

Date Created: Dec. 9, 2003
End of Term: Dec. 31 2024
Total Acreage: 220

Property Description: Generally bounded to the north by Seventh and Third streets, to the south by Interstate 30, east by Calhoun Street and west by Henderson Street. View the boundary map.

Projects: Public improvements associated with mixed use projects, full service hotels, transit oriented development, historic preservation, mixed income housing, T&P Terminal and T&P Warehouse reuse; streetscape improvements; public amenities such as plazas or parks; administration; environmental remediation; public infrastructure associated with Lancaster Avenue redevelopment, including street improvements, utility relocations, parking improvements and landscaping of public areas; public art.

Project and Financing Plan

Last amended Jan. 6, 2015. Download the plan.

Financial Information

Base Value $178,938,722
2015 Taxable Value $419,752,198
Percent Growth 135%
2015 City of Fort Worth Contribution $1,029,478

Level of Participation by Entity

City of Fort Worth 50%
Tarrant County Hospital District 0%
Tarrant County College 40%
Regional Water District 40%
Tarrant County 40%

Board Members

  • Chair: Jungus Jordan, City of Fort Worth
  • Ann Zadeh, City of Fort Worth
  • Kelly Allen Gray, City of Fort Worth
  • Allison Millington, City of Fort Worth
  • David Parker, City of Fort Worth
  • Gloria Starling, City of Fort Worth
  • Patti Gearhart Turner, City of Fort Worth
  • Richard Casarez, City of Fort Worth
  • Roy C. Brooks, Tarrant County
  • Marty Leonard, Tarrant Regional Water District
  • Mark McClendon, Tarrant County College District

For more information about TIFs, email TIF@fortworthtexas.gov.

TIF 9: Trinity River Vision

Date Created: Dec. 16, 2003 by City Council; expanded Dec. 15, 2009
End of Term: Dec. 31, 2044
Total Acreage: 1,380 (TIF 9A); 2,600 (TIF 9B)

Property Description: Generally bounded to the north by Northeast 23rd Street and to the south by West Lancaster Avenue. View the boundary map.

Projects: The primary goal for the central city project is flood control, while secondary goals include continuity of trails, enhanced open space and recreational areas, linkages to nearby neighborhoods, conservation and environmental restoration for improved water quality and wildlife habitat. The bypass channel will generally follow the current path of the Fort Worth & Western Railroad, and when combined with the historic Oakwood Cemetery will provide greenspace that transitions between the proposed urban developments and the historic near northside neighborhoods. In addition to the flood improvement infrastructure constructed in the near northside area, the central city project also calls for improvements within the existing Trinity River corridor to manage flood waters and provide a better use of the flood plain for the public. The project will address the efficiency of the new bypass channel with excavation, fill, and ecosystem restoration enhancements that will provide hydraulic valley storage for the project. These multi-purpose sites will also provide recreation and transportation improvements.

Project and Financing Plan

Last amended Dec. 15, 2009. Download the full plan.

Financial Information

9 9A
Base Value $111,411,746 $19,332,552
2015 Taxable Value $414,744,976 $22,369,155
Percent Growth 272% 16%
2015 City of Fort Worth Contribution $925,606 $20,770

Level of Participation by Entity

City of Fort Worth 80%
Tarrant County Hospital District 80%
Tarrant County College 80%
Regional Water District 80%
Tarrant County 80%

Board Members

  • Chair: Dennis Shingleton, City of Fort Worth
  • Sal Espino, City of Fort Worth
  • Dana Schenck, City of Fort Worth
  • G.K. Maenius, City of Fort Worth
  • Gary Walker, City of Fort Worth
  • Jack Stevens, City of Fort Worth
  • Leah King, City of Fort Worth
  • Merianne Roth, City of Fort Worth
  • Roy C. Brooks, City of Fort Worth
  • Tom Purvis, City of Fort Worth
  • Victor Henderson, City of Fort Worth
  • J.D. Johnson, Tarrant County
  • Jim Lane, Tarrant Regional Water District
  • Angela Robinson, Tarrant County College District
  • Scott Rule, Tarrant County Hospital District

For more information about TIFs, email TIF@fortworthtexas.gov.