Economic Development

Bennett Benner Pettit offers a unique blend of economic development services that make public/private projects work for the developer and the community. Our team of diverse professionals has a proven record of successful project implementation. We offer an unmatched level of development services, including application of local government policies, creative incentive financing, project/program management and hands-on experience with developing owner-occupied and income-producing real estate. Our economic development team works in concert with our planning and architectural staff to offer a continuum of development services from project conception to completion.

Acme Brick asked Bennett Benner Pettit to help their company understand the opportunities for developing properties surrounding their new corporate headquarters in the City of Fort Worth. Located just three blocks from the Cultural District and a ten minute walk from downtown, Acme Brick was interested in being a participant in the revitalization of this part of the city. Our team studied the...

This new mixed-use project enjoys a prime location along Fort Worth’s booming West Seventh corridor and across University Drive from the renowned Modern Art Museum. This infill redevelopment project has restored a former industrial site into a vibrant urban mixed-use district adjacent to downtown Fort Worth.

Bennett Benner Pettit was retained by Cypress Equities to establish an economic...

The goal of the Arlington Highlands Tax Increment Reinvestment Zone (TIRZ) is to construct needed public infrastructure improvements and encourage private development that will yield additional tax revenue to all jurisdictions. The Arlington Highlands TIRZ is predicated on the private investment of over 1 million square feet of retail and office development along Interstate Highway 20 east of...

Working with the City of Fort Worth and the Southside/Medical District TIF, a public/private partnership was drafted by Bennett Benner Pettit to facilitate the development of two new hotels, medical office space, a parking garage and retail on an underutilized brownfield site near the heart of downtown Fort Worth. Incentives included more than $7.8 million worth of public infrastructure...

Working in partnership with the City of Euless an innovative public/private partnership was developed to facilitate the development of the stalled Glade Parks mixed-use development. The partnership included the implementation of a TIF district and a Public Improvement District (PID) to backstop the initial $2 million of municipal bonds for public infrastructure. It is anticipated that the...

Bennett Benner Pettit was retained by the city of Arlington to develop a Tax Increment Reinvestment Zone (TIRZ) Preliminary Financing Plan for the development of 2.8 million square feet of mixed-use development. The development is accented by two major sporting venues, the homes of the Texas Rangers and the Dallas Cowboys. Bennett Benner Pettit prepared the financial information necessary to...

The Grapevine Mills TIF was established to provide infrastructure investments to encourage the creation of the Grapevine Mills Mall. Following nearly a decade of stagnate bond payments, Bennett Benner Pettit was retained to review the financial history of the TIF as well as to identify possible changes to the Project and Financing Plan that could enhance the city’s ability to leverage private...

Bennett Benner Pettit worked with the City of Irving to establish the Irving Boulevard TIF District. Running along Irving Boulevard and through the city’s historic core, the TIF district outlined funding for $86 million worth of public infrastructure improvements to support private redevelopment initiatives.

Bennett Benner Pettit was retained by Klein Tools to help consolidate their manufacturing, distribution and corporate headquarters into a single geographical region.

The process began with the development of an RFP to gauge the interest of local municipalities and identify sites that met Klein Tools’ requirements. Bennett Benner Pettit worked with a shortlist of local cities to tailor...

Bennett Benner Pettit worked with the City of Irving to update their project and financing plan for the Las Colinas TIF to provide greater flexibility in how TIF funds were spent. The updated TIF plan included a historic taxable value review, real estate market analysis, development projections and updated project plan.

Bennett Benner Pettit worked with the City of North Richland Hills to develop an economic analysis of the hometown development. The economic analysis included a detailed real estate market analysis, creation of development projections and a study of the effects of apartments on nearby single-family housing developments.

Bennett Benner Pettit was hired by Pier 1 to develop an economic development strategy and negotiate the relocation of their corporate headquarters. The negotiations between the company and the multiple taxing jurisdictions were managed by Bennett Benner Pettit. This included an extensive cost/benefit analysis showing the impact of the project on the community.

Bennett Benner Pettit...

Bennett Benner Pettit was retained by RadioShack Corporation to develop an economic development strategy and negotiate the relocation of RadioShack’s corporate headquarters. This complex task included disposition of the existing real estate properties, identifying a new site and negotiating the necessary public incentives to secure the corporate relocation. Bennett Benner Pettit prepared the...

Bennett Benner Pettit worked to secure incentives for the redevelopment of a tornado-damaged building in downtown Fort Worth into one of the city’s most iconic residential buildings. Working with the Downtown TIF and the City of Fort Worth, public incentives totaling $16.9 million were used to revitalize this landmark building.

The Trinity Uptown Tax Increment Reinvestment Zone (TIRZ) was grouped into 20 zones, all of which corresponded to the Trinity Uptown Design Guidelines and zoning, where applicable. By breaking the TIF district into smaller zones and allowing each zone to be independently studied, parcel information was utilized to develop parcel-specific development potential. Following the identification of...

The comprehensive study, analysis and action plan combines creative visions from the community with current market information to redevelop the Woodhaven neighborhood into a sustainable and livable community with a balanced mix of uses, including new single-family homes, new retail uses and office space. The plan considers historic trends and evaluates existing physical, demographic, land-use...