Tax Increment Reinvestment Zone Number Thirteen
Woodhaven: Tax Increment Reinvestment Zone Number Thirteen, City of Fort Worth
Approximately 1,100 acres with an estimated taxable base value $192 million, Woodhaven is now Tax Increment Reinvestment Zone Number Thirteen within the City of Fort Worth.
Tax Increment Projection Assumptions
100% Participation by the following entities:
- City of Fort Worth
- Tarrant Regional Water District
80% Participation by the following entities:
- Tarrant County
- Tarrant County Hospital District
Tarrant County College District - 50% participation
All tax rates will remain constant.
Conservative projections are based on anticipated retail and commercial development occurring within the 20-year term of the TIF.
TIF Projects
- Corridor Improvements - Street, traffic, utility, water, sewer and other public infrastructure projects within the TIF boundaries.
- Public Infrastructure such as water, sewer, drainage, roads, sidewalks, etc. and demolition costs associated with the following potential projects
- Renovation of two old strip centers along Woodhaven and Boca Raton
- New construction at site of former apartments along Boca Raton and Oakland Hills
- Gateway Enhancements - Street, traffic, utility, drainage and other public infrastructure projects at the gateways of the TIF along Woodhaven Blvd., Randol Mill Road, Boca Raton and Bridge Street.
Total Estimated Project Costs & Revenue
Estimated Project Costs
- $6,000,000 Corridor Improvements
- $5,000,000 Public Infrastructure/Demolition
- $2,000,000 Gateway Enhancements
- $500,000 Administrative Expenses
- $13,500,000 Total
Estimated Revenue
- $11,1805,307 City
- $2,410,207 Hospital District
- $911,293 TCCD
- $261,528 TRWD
- $2,787,885 County
- $17,551,220 Total
Estimated TIF Value
- $ 192 million 2006 Estimated Base Value
- $ 281 million 2027 Estimated Value
Maps
Click to enlarge.
Funding & Board
For more information on TIF Funding and the Board please click here.