35.1 F
Fort Worth
Saturday, December 5, 2020
How Recent Political Changes Will Impact Your Bottom Line
Government Fort Worth broadens eligibility for West Lancaster TIF incentives

Fort Worth broadens eligibility for West Lancaster TIF incentives

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

By Scott Nishimura snishimura@bizpress.net

Fort Worth City Council members on Tuesday broadened eligibility for projects that can be subsidized by the downtown Lancaster tax increment finance district.

The council, following the Dec. 3 vote of the TIF board, removed a cap on total eligible expenses that can be funded by the TIF, eliminated restrictions on eligible projects that were based on their location in the TIF boundaries, added categories of eligible projects, and permitted use of state-allowed Chapter 380 grants in support of projects inside the TIF if the project will use federal or state historic tax credits and financing is contingent on use of those credits, or if the project is on property owned by any of the taxing entities in the TIF.

The changes, approved unanimously by council members, make new property eligible for TIF reimbursement. Those sites include several vacant lots owned by the city along West Lancaster Avenue, and a site now owned by Tarrant County College that is proposed to be an expansion site for the Omni Fort Worth Hotel.


close






Oh hi there 👋 It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Allied Electronics & Automation doubles Fort Worth Distribution Center capacity

Allied Electronics & Automation, a high-service distributor of automation and control, electronic, electrical, mechanical, and maintenance products, has completed an expansion of its North...

Federal loans helped more than 400,000 Texas companies retain workers during the pandemic, new data shows

HOUSTON — The most complete picture so far of the federal program designed to keep businesses afloat during the coronavirus pandemic was revealed this...

DeVos suspends student federal loan payments through January

The Trump administration on Friday suspended all federal student loan payments through the end of January and kept interest rates at 0%, extending a...

COVID-19 relief: What’s on the table as Congress seeks deal

WASHINGTON (AP) — After numerous fits and starts and months of inaction, optimism is finally building in Washington for a COVID-19 aid bill that...

Granger reelected as lead Republican on the House Appropriations Committee

U.S. Rep. Kay Granger, R-Fort Worth, has been reelected by members of the House Republican Steering Committee to serve as Lead Republican of the...