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 TIF zones, three stages of analysis were undertaken to provide incremental cash-flow projections for the Trinity River Vision TIF.
Since the creation of the TIRZ, property values within the zone have grown from approximately $111 million to approximately $300 million, providing the TIRZ with over $2 million dollars in annual revenue.
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