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Business Plan Return to Table of Contents
Return to Table of Contents

Invest in Our Economy

Goal 1: Enhance Economic Impact Through Development and
Redevelopment Efforts, Partnerships, and Investment Opportunities
Objective 1: Foster Development and Redevelopment in Targeted Areas
Project Performance Measure(s) Department(s)
IOE TIRZ Districts  Recruitment Leads Economic Development
1.1.1  Leads to Prospects
Summary:
TIRZ #1 Date
There are three Tax Increment Reinvestment Zones
(TIRZ) in Arlington:
TIRZ #5 Date
(TIRZ) #1 – Downtown
2020 Taxable Value: $

TIRZ #6 Date
(TIRZ) #5 – Entertainment District

2020 Taxable Value: $

(TIRZ) #6 – Viridian TIRZ #7 Date
2020 Taxable Value: $

(TIRZ) #7 – International Corridor
2020 Taxable Value: $

Invest in Our Economy

Goal 1: Enhance Economic Impact Through Development and
Redevelopment Efforts, Partnerships, and Investment Opportunities
Objective 1: Foster Development and Redevelopment in Targeted Areas
Project Performance Measure(s) Department(s)
IOE South SH‐360 Corridor Completion of Plan Office of Strategic Initiatives
1.1.2 Development Strategy

Summary:
The South SH‐360 Corridor Development Strategy will
establish a vision for SH‐360 from I‐20 to the southern Milestone Estimated Actual
Completion Completion
City Limit. The terminal build‐out of SH‐360 is an eight‐ Issue Request for Jan. 2021 Jan. 2021
lane divided highway, and this plan will develop a vision
Qualifications
with the community for the optimal use of remaining
development opportunities along the corridor, while Select and Contract with Apr. 2021 Mar. 2021
protecting established residential areas. Consultant
Draft Plan Jan. 2022
Final Plan Mar. 2022

FY 2022 Adopted Budget and Business Plan 66 City of Arlington, Texas