Tax Increment Financing District (TIF)/
Tax Increment Reinvestment Zones (TIRZ)

The terms "TIF," "Tax Increment Finance District," "TIRZ," and "Tax Increment Reinvestment Zone," are terms used interchangeably. Tax Increment Reinvestment Zones are created by authority of the Tax Increment Financing Act, Texas Tax Code, Chapter 311.

The Arlington City Council created the reinvestment zones, established a Board of Directors for each TIRZ and has granted the boards authority to exercise all powers necessary to implement their respective project and financing plans, consistent with state law.

 
Arlington Tax Increment Reinvestment Zone Number One
Created by Ordinance 98-142 on November 3, 1998

The Arlington Tax Increment Financing District, also known as the Arlington Tax Increment Reinvestment Zone Number One, was established to provide a financing mechanism to facilitate redevelopment in the downtown area. 

Arlington Tax Increment Reinvestment Zone Number Four
Created by Ordinance No. 05-108 on November 22, 2005

The Arlington Highlands TIRZ was established, after petition of the property owners, on the 320-acre area generally located on the northeast corner of IH20 and Matlock Road. The goal of the Arlington Highlands TIRZ is to construct needed public infrastructure improvements and encourage private development that will yield additional tax revenue.

Infrastructure improvements include expansion of Matlock Road to six lanes, a southern extension of Center Street from Arbrook to IH20, and construction of a Center Street Bridge, extending Center to a point that will intersect with the extension of Bardin Road.


Tax Increment Reinvestment Zone Number Five, City of Arlington, Texas — Entertainment District
Created by Ordinance No. 06-117 on December 19, 2006.

Tax Increment Reinvestment Zone Number Five, City of Arlington, Texas — Entertainment District (TIRZ) was established to facilitate private investment through traditional public sector infrastructure investment and encourage the highest and best use of limited land resources within the district.

The project scope is divided into two geographic areas – TIRZ Core Area and Surrounding TIRZ Core Area. Within the Core Area, the Preliminary Financing and Project Plan provides $48.8 million in funding for public improvements. Additionally, the Preliminary Financing and Project Plan outlines funding $66.7 million of flood control, transportation, streetscape, public safety and other amenity improvements within the surrounding TIRZ Core Area to unify the Arlington Entertainment Area.

 
Arlington Tax Increment Reinvestment Zone Number Six
Created by Ordinance No. 07-090 on December 18, 2007

The Viridian TIRZ, also known as the Arlington Tax Increment Reinvestment Zone Number Two, is generally bounded by State Highway 157 on the west, Arlington City limit line on the north, State Highway 360 on the east, and the Trinity River on the south. The site is not economically feasible to develop without significant infrastructure participation.

The preliminary development plan anticipates a master planned development of approximately 2400 acres that will include 3,800 residential single-family units, 1,200 multi-family units and 1.2 million square feet of mixed-use commercial development, that includes retail and small office land uses. Additionally, a Council of Governments’ matching grant is anticipated for the creation of a TRE rail station adjacent to this zone, which will facilitate the opportunity for transit oriented, development and Entertainment District shuttle service.

Project costs to be financed by the TIRZ are primarily related to floodplain mitigation, reclamation, and conservation as well as construction of roadways, drainage, water, sanitary sewer, storm sewer, and detention facilities to support the development.