City staff recommended the creation of a new Tax Increment Financing district (TIF) for Walsh Ranch at the City Council work session on Tuesday, Oct. 14. As Fort Worth continues to grow toward the west, City officials and representatives from Walsh have been working together for the past several years on plans for the property, which includes land in both Tarrant and Parker counties.
In May 2003, Walsh and the City entered into an Extra-Territorial Jurisdiction (ETJ) development agreement for approximately 7,207 acres. Later that year, another 218 acres were added, bringing the total proposed development area to 7,425 acres. In December 2024, representatives with Walsh Ranch submitted a letter to the City of Fort Worth requesting the creation of a TIF. Since that time, City staff has worked with the Walsh team, as well as with internal and external stakeholders, to discuss and negotiate potential incentives that would support and accelerate development within Walsh Ranch and the surrounding area. In June 2025, representatives with Walsh Ranch submitted a formal TIF application to the City.
Purpose behind the TIF
The creation of a TIF at Walsh Ranch would accelerate the completion of major regional road, water, sewer and drainage projects, as well as accelerate key portions of the development. The funds generated by this TIF would be applied toward the following:
- Activating the “2500” and “Corporate Bowl” portions of Walsh located south of I-20.
- Accelerating the development of the “Highland Hills” portion of the Walsh development, corresponding with the construction of the new UTA West campus.
- Supporting the development of “Walsh West,” which surrounds a future H-E-B grocer site along with 300-plus acres of commercial development.
- Expanding regional access to neighboring properties surrounding Walsh Ranch.
Overall, the Walsh development will include approximately 5,400 single-family residential units; approximately 10,000 multifamily units; over 8.7 million square feet of office space; over 15 million square feet of industrial space; and over 3.9 million square feet of commercial and retail space, including a 700-room hotel.
The Walsh site has already secured major anchors to support the area’s continued growth, including the UTA West campus, a premier grocer (H-E-B) and a second luxury apartment complex. Altogether, the proposed build-out of projects and infrastructure investment within the TIF would be approximately $14.295 billion (present value) over the next 50 to 60 years, of which the proposed TIF would cover $890 million.
The TIF boundaries, which include 7,191 acres of the development, would exclude already-developed portions of property located within the Quail Valley PID but would include future phases that will be built out later.
If approved by City Council, staff would work to secure the participation of both Parker and Tarrant counties in the TIF, similar to the TIF created to support growth at nearby Veale Ranch. City Council will consider a resolution to call a public hearing for the creation of the Walsh Ranch TIF (TIF 18) on Tuesday, Oct. 21. If approved, a public hearing would occur and the mayor and council would vote to establish TIF 18 on Tuesday, Nov. 11.
