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Sports Arena TIF District
The Sports Arena TIF District was originally created in 1998 to fund infrastructure improvements necessary to support the American Airlines Center on the northwest corner of Downtown Dallas. In 2012, the Sports Arena TIF was extended to provide enhanced public improvements and redevelop surface parking lots that stifled growth in the district. The boundaries of the district were expanded to include the area of West Dallas now known as Trinity Groves and support its transformation into a vibrant gateway to West Dallas. The Sports Arena TIF District now has three sub-districts: Victory, Riverfront Gateway and West Dallas.
Sports Arena TIF District Map
The Riverfront Gateway Sub-district contains a mixture of commercial and retail structures and serves as the connection between the Victory and West Dallas Sub-districts.
The West Dallas Sub-district’s land uses
vary from small retail shops to larger, primarily
vacant, manufacturing and warehousing space with Singleton Boulevard as the primary east/west access through the sub-district.
Characteristics
TIF Lifespan
- Creation Date: October 28, 1998
- Expiration Date: December 31, 2028
Size:
- Victory Sub-district: 79 acres
- Riverfront Gateway Sub-district: 33 acres
- West Dallas Sub-district: 89 acres
Participating Jurisdictions
- City of Dallas
- Dallas County
Sports Arena TIF District Projects Summary
Projects Within TIF District Utilizing TIF Funding |
Approximate Value |
TIF Investment |
|
Total |
2 parking garages; street & infrastructure improvements; 185,200 SF retail/ restaurant; 352 res. units |
$110,677,222 | $102,696,245 |
Projects Within TIF District Not Utilizing TIF Funding |
Units / SF |
Approximate
Value |
TIF
Investment |
Total |
2 parking garages; 840,000 SF entertainment; 4,216 res. units; 251 hotel rooms; 271,300 SF retail; 1,266,000 SF office; 44,000 SF cinema |
$1,804,526,290 | $0 |
Total (TIF & Non-TIF) |
$1,915,203,512 | $102,696,245 |