STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: February 24, 2021
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Economic Development
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize the dedication of $475,000.00 in Oak Cliff Gateway TIF funds from the available District-Wide Set-Aside to support the operations and maintenance of the Dallas Streetcar for FY 2020-2021 - Not to exceed $475,000.00 - Financing: Oak Cliff Gateway TIF District Fund (subject to current and future appropriations from tax increments)
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BACKGROUND
The Dallas Modern Streetcar ("Streetcar") is a City-owned public transportation facility that links the downtown Central Business District to the Methodist Regional Medical Center ("Methodist") and Bishop Arts District ("Bishop Arts") in Oak Cliff. The system includes six stops on 2.3 miles of track all within the City's street network. The system was constructed using $81 million in state and federal grant funds with the expectation of providing an economic stimulus, neighborhood revitalization, and an alternate mode of public transportation for at least a 30-year period.
The City maintains Interlocal Agreements ("ILA") with the North Central Texas Council of Governments ("NCTCOG"), Federal Transit Administration ("FTA"), Texas Department of Transportation ("TxDoT"), and with Dallas Area Rapid Transit ("DART") pertaining to the Dallas Streetcar system. These ILAs established the City of Dallas as the owner of the Streetcar and allow for the City to rely on technical expertise from DART to operate and maintain the Streetcar.
To date, funding for the City's share of Streetcar operations and maintenance (O&M) has primarily come from City's General Fund. In February 2020, City Council reviewed a request from the City's Transportation Department to authorize the payment of funds to DART for FY 2019-2020 Streetcar O&M in the allocated amounts of ...
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