Dallas, TX
Plano’s new tax increment reinvestment zone could allocate $700M for Dallas Stars arena
Plano City Council approved the city’s sixth tax increment reinvestment zone, or TIRZ, to allocate funds for the team’s arena to be constructed at Willow Bend Mall at a City Council meeting June 8.
In a nutshell
Local governments use a TIRZ to finance projects that will provide economic benefits to the area, per city documents.
Sales and property tax growth from 896.94 acres along the Dallas North Tollway will be used to fund the city’s portion of construction for the Stars arena, Plano Director of Special Projects Peter Braster said.
Construction for the arena is estimated to cost $1 billion or more, according to city documents. The city will use $700 million from the newly implemented TIRZ 6 to cover some of the construction costs. Dallas Sports & Entertainment LP, the parent company of the Stars, will cover the rest of the construction costs.
The zone is expected to generate more than $1.3 billion in new property tax revenue and roughly $245 million in sales tax revenue within the 41 years it will be in effect, per city documents.
Dig deeper
Braster said the TIRZ separates taxes from the area into two categories: revenue from its base value and revenue from its growth since the TIRZ was established.
“This tool does not impact the current property tax rate for our residents,” Braster said.
Braster said taxes based on the base value of properties in the zone will continue to go toward the city’s general fund. He said the base value is based on the amount of tax revenue collected in 2026, with any additional revenue collected in future years due to increased property value being reinvested into projects within the TIRZ.
New revenue in the area will be set aside for the next 41 years, Braster said. The designated TIRZ 6 will expire at the end of 2067 and is currently 100% nonresidential, he said.
Braster said the city has four other zones currently active in the city, including in Downtown Plano, along the DART Silver Line, at the Collin Creek redevelopment and the Legacy business area.
Something else
Plano residents may also have the opportunity to vote on additional taxes applied to “visitors and activities related to the venue” in November, Assistant City Manager Doug McDonald told council on June 8.
Taxes that could be implemented on visitors include the following:
- Minimum 5% rate on short-term motor vehicle rental
- Maximum 2% hotel occupancy tax
- Maximum $3 per vehicle on venue event parking
- Maximum 10% rate on venue admissions
- Maximum $5,000 per game for each member of a major league team that plays in the venue
Council will have until Aug. 17 to call an election, and the proposed taxes would appear on the Nov. 3 ballot.
Next steps
City Council has been designated as the board of directors for TIRZ 6. Braster said they will develop a final project and finance plan to adopt at a future council meeting.
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The Texas Department of Public Safety has notified the North Texas Tollway Authority that it will not renew an agreement dedicating state troopers to patrol NTTA roadways after the deal expires at the end of August.
NTTA oversees more than 150 miles of roads, bridges, and tunnels across North Texas, including the Dallas North Tollway, President George Bush Turnpike and Sam Rayburn Tollway.
DPS Col. Freeman Martin told NTTA CEO James Hofmann in a June 1 letter that a “comprehensive assessment of our statewide operational requirements” led the agency to forgo renewal. Martin wrote that DPS must preserve the flexibility to deploy personnel and resources in response to an “ever-changing threat environment.”
“The structure of the current agreement limits that flexibility in ways not aligned with DPS’s statewide operational needs,” Martin said in the letter reviewed by The Dallas Morning News.
Read more from our media partners, The Dallas Morning News.
Mosquito samples in Dallas and Carrollton tested positive for West Nile Virus. Here is what that means for public health.
Dallas County Health & Human Services put out a bulletin with the information on Monday. According to the bulletin, the Dallas pool is located in zip code 75215 and the Carrollton pool is located in zip code 75006.
The city put out a second press release on Monday announcing that it had scheduled mosquito control spraying sessions on June 9-10 in council districts 7 and 14.
The spraying will take place between 9 p.m.-5 a.m. each night.
The first control area to be sprayed is within an area generally bounded by 2300 Martin Luther King, Jr. Blvd.; S. Malcolm X Blvd. on the north; Coombs St. on the west; Dathe St. on the east; and Cleveland St. on the south.
The second control area to be sprayed is within an area generally bounded by 5300 Vickery Blvd.; Morningside Ave. on the north; N. Central Expressway on the west; Worcola St. on the east; and N. Garrett Ave. on the south.
It’s important to remember that while the United States Environmental Protection Agency approves this insecticide for treatment, residents in the above areas should avoid contact with the spray by staying indoors.
Anyone inside a vehicle while the trucks are actively spraying should remain in them with the windows up and the air conditioner on until the trucks pass through and the spray is no longer visible.
Additionally, Dallas residents are encouraged to take precautions against mosquito bites by reducing outdoor activity during the evening and nighttime hours.
After several days of testimony, the defense has rested in the Frisco track meet stabbing trial, leaving the verdict in the hands of the jury. FOX 4’s Lori Brown has more on the Karmelo Anthony trial.
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