The terms "TIF," "Tax Increment Finance District," "TIRZ," and "Tax
Increment Reinvestment Zone," are terms used interchangeably. Tax
Increment Reinvestment Zones are created by authority of the Tax
Increment Financing Act, Texas Tax Code, Chapter 311.
The Arlington
City Council created the reinvestment zones, established a Board of
Directors for each TIRZ and has granted the boards authority to
exercise all powers necessary to implement their respective project
and financing plans, consistent with state law.
Arlington Tax Increment Reinvestment Zone Number One
Created by Ordinance 98-142 on November 3, 1998
The Arlington Tax Increment Financing District, also known as the
Arlington Tax Increment Reinvestment Zone Number One, was established
to provide a financing mechanism to facilitate redevelopment in the
downtown area.
Arlington Tax Increment Reinvestment Zone Number Three
Created by Ordinance No. 05-097
on October 25, 2005
The TIRZ area is along East Abram Street, between State Highway 360
and Great Southwest Parkway. The goal of the East Abram Corridor TIRZ
is to encourage and contribute to the retention and expansion of
businesses and jobs within the redevelopment zone, to attract major
private investment that would otherwise not occur, and fund needed
public infrastructure to facilitate new development in the zone.
Arlington Tax Increment Reinvestment Zone Number Four
Created by Ordinance No. 05-108 on November 22, 2005
The Arlington Highlands TIRZ was established, after petition of the
property owners, on the 320-acre area generally located on the
northeast corner of IH20 and Matlock Road. The goal of the Arlington
Highlands TIRZ is to construct needed public infrastructure
improvements and encourage private development that will yield
additional tax revenue. Infrastructure improvements include expansion
of Matlock Road to six lanes, a southern extension of Center Street
from Arbrook to IH20, and construction of a Center Street Bridge,
extending Center to a point that will intersect with the extension of
Bardin Road.
Tax Increment Reinvestment Zone Number Five, City of
Arlington, Texas — Entertainment District
Created by Ordinance No. 06-117 on December 19, 2006.
Tax Increment Reinvestment Zone Number Five, City of Arlington,
Texas — Entertainment District (TIRZ) was established to facilitate
private investment through traditional public sector infrastructure
investment and encourage the highest and best use of limited land
resources within the district.
The project scope is divided into two geographic areas – TIRZ
Core Area and Surrounding TIRZ Core Area. Within the Core Area, the
Preliminary Financing and Project Plan provides $48.8 million in
funding for public improvements. Additionally, the Preliminary
Financing and Project Plan outlines funding $66.7 million of flood
control, transportation, streetscape, public safety and other
amenity improvements within the surrounding TIRZ Core Area to unify
the Arlington Entertainment Area.
Arlington Tax Increment Reinvestment Zone Number Six
Created by Ordinance No. 07-090 on December 18, 2007
The Viridian TIRZ, also known as the Arlington Tax Increment
Reinvestment Zone Number Two, is generally bounded by State Highway
157 on the west, Arlington City limit line on the north, State
Highway 360 on the east, and the Trinity River on the south. The
site is not economically feasible to develop without significant
infrastructure participation. The preliminary development plan
anticipates a master planned development of approximately 2400 acres
that will include 3,800 residential single-family units, 1,200
multi-family units and 1.2 million square feet of mixed-use
commercial development, that includes retail and small office land
uses. Additionally, a Council of Governments’ matching grant is
anticipated for the creation of a TRE rail station adjacent to this
zone, which will facilitate the opportunity for transit oriented,
development and Entertainment District shuttle service.
Project costs to be financed by the TIRZ are primarily related to
floodplain mitigation, reclamation, and conservation as well as
construction of roadways, drainage, water, sanitary sewer, storm
sewer, and detention facilities to support the development.
