TIF 12: East Berry Renaissance
Purpose: Initial improvements to TIF 12 (East Berry Renaissance) include public infrastructure associated with mixed-use development, demolition, environmental remediation, and all expenses allowable under the Tax Increment Financing Act are contemplated as needed.
Established: July 18, 2006 by City Council
Term: The term extends from 2006 until 2027 and will terminate on December 31, 2027 beginning with tax increment generated by the 2007 tax appraisal and ending with tax increment generated by the 2026 tax appraisal.
General: This TIF covers 604 acres and is generally bounded to the north by Glen Garden Drive, to the east by Highway 287, to the south by Riverside Drive east of Ripley Street, and to the west by I-35. Ms. Kathleen Hicks serves as the Chair for TIF 12. View a boundary map.
Project and Financing Plan: Approved on June 19, 2007 by the TIF Board and City Council
| Base Value | $29,176,323 |
| 2009 Taxable Value | $36,246,040 |
| 2009 Taxable Increment | $7,069,717 |
| 2009 City of Fort Worth Contribution | $60,438 |
| City of Fort Worth Contribution to Date | $174,987 |
| Total Contribution from Entities to Date | $258,734 |
Level of Participation by Entity
| City of Fort Worth | 100% |
| Tarrant County Hospital District* | 80% |
| Tarrant County College* | 50% |
| Regional Water District | 100% |
| Tarrant County | 100% |
| Fort Worth ISD | 0% |
*Anticipated participation
Projects
| All Church Home | $779,000 |
| Sierra Vista | $3,300,000 |
| Renaissance Square (former Masonic Home property) | $5,650,000 |
| 1108 E. Berry Streetscape | $25,000 |
| LDC Reimbursement | $150,000 |
| Administrative Expenses | $7,094 |
| Total TIF Commitment | $9,911,094 |
Anticipated Projects
- CIP East Berry Corridor Improvements
- Berry Street Gateway Enhancements