PILLAR: Growing
AGENDA DATE: January 28, 2026
COUNCIL DISTRICT(S): 1, 4
DEPARTMENT: Office of Economic Development
PRIORITY: Targeted Economic Growth
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SUBJECT
Title
Authorize a tax increment financing ("TIF") development and a Chapter 380 grant agreement ("Agreement") with Southern Gateway Public Green Foundation ("Developer" of "SGPGF") in a total amount not to exceed $8,000,000.00, including up to $6,964,198.00 from the Oak Cliff Gateway TIF District ("TIF Subsidy") and an economic development grant of $1,035,802.00 ("Grant") from the 2012 General Obligation Bond Program, in consideration of the Phase I Plaza Area Project at Halperin Park ("Project"), in accordance with the Economic Development Incentive Policy - Total not to exceed $8,000,000.00 - Financing: Oak Cliff Gateway TIF District Fund ($6,964,198.00) (subject to annual appropriations from tax increments) and Economic Development & Housing Development Fund (2012 General Obligation Bond Fund) ($1,035,802.00)
*In alignment with Economic Development Incentive Policy.
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BACKGROUND
On November 10, 2021, the City Council authorized a development agreement between the City's Park and Recreation Department and the SGPGF for the design and construction of Southern Gateway Deck Park (now Halperin Park) Plaza Area by Resolution No. 21-1840. SGPGF was created to develop a public plaza above Interstate Highway (IH) 35E and raise funds for its design and construction. The deck structure would be built by the Texas Department of Transportation and primarily funded through the North Central Texas Council of Governments.
The development agreement was executed on April 13, 2022. Per the development agreement, the City would own the Plaza Area and its related improvements upon completion. The Plaza covers approximately five acres, spanning IH 35 East (IH-35) from Marsalis Avenue to Ewing Avenue. The Plaza would be designed atop the deck supe...
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