Page 331 - CityofArlingtonFY26AdoptedBudget

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:
There are four Tax Increment Reinvestment Zones (TIRZ) in TIRZ #5 Date
Arlington: Amended Project Plan and Financing Plan Dec. 2019
Economic Development Performance Dec. 2019
(TIRZ) #1 – Downtown Agreement
2022 Taxable Value: $389,867,558 Economic Development and Dec. 2019
Reimbursement Agreement
(TIRZ) #5 – Entertainment District First Amendment to the Economic Dec. 2019
2022 Taxable Value: $1,257,070,145 Development Incentive Agreement for
Hotel Project
(TIRZ) #6 – Viridian Loews Parking Structure Completed Sept. 2020
2022 Taxable Value: $1,163,302,129 Third Amendment to the Economic June 2021
Development Performance Agreement –
(TIRZ) #7 – International Corridor Arlington Convention Center
2022 Estimated Taxable Value: $1,126,146,104
First Amended and Restated TIRZ 5 June 2021
Economic Development and
TIRZ #1 Date Reimbursement Agreement – Arlington
TIRZ 1 Amended and Restated Participation Feb. 2020 Ballpark District Developer Holding
Agreement – Tax Increment Reinvestment Company
Zone Number One Tarrant County Construction of New Convention Hotel June 2021
TIRZ 1 Amended and Restated Participation Feb. 2020 Begins
Agreement – Tax Increment Reinvestment Amended Project Plan and Financing Plan June 2021
Zone Number One Tarrant County Hospital for Tax Increment Reinvestment Zone
TIRZ 1 Amended and Restated Participation June 2020 Number Five, City of Arlington, Texas –
Agreement – Tax Increment Reinvestment Entertainment District
Zone Number One Tarrant County College Third Amendment to the Economic June 2021
District Development Performance Agreement –
Tax Increment Agreement by and Between June 2020 Arlington Convention Center
Savannah Main 7, LLC
Tax Increment Agreement by and Between June 2020 TIRZ #6 Date
Urban Front, LLC.
Development Agreement Sept. 2020
Agreement Relative to Participation in UTA Dec. 2020
College Park Project
TIRZ #7 Date
TIRZ 1 Incentive Agreement with Don W. May 2021 Interlocal Agreement with Tarrant Mar. 2021
Muncharth and Associates for the County Relative to the Payment for
Development of a Grocery Store Located at Professional Planning Services
101 South Center Street.
TIRZ Chapter 380 Grant Agreement by and June 2021
Between Sutton Frost Cary LLP
Pershing Development, Balfour Lofts, Jan. 2025
agreement executed
th
Urban Front 4 Amendment executed Jan. 2025

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