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Property owners possessing 50% or more of the appraised value of a district submit a petition to the county, city, or town requesting a TIRZ be set up, or the local government may decide to create one. A specific lifetime for the TIRZ is determined. A TIRZ may only be city-initiated if less than 10% of its land area consists of residential area ...
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In 1989, Southland sold land on the west side of North Central Expressway (including the CityPlace West site). Today, this area is home to the West Village development. [2] Enough Brazilian red granite was ordered and cut for the twin tower and office buildings; it remains for sale in a south Dallas County storage yard. [4]
The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, [a] is the most populous metropolitan statistical area in the U.S. state of Texas and the Southern United States, encompassing 11 counties. Its historically dominant core cities are Dallas and Fort Worth. [5]
Fort Worth is in the running for a GE Aerospace expansion that would include a $50 million investment.
Its development spurred many housing starts in East Dallas. [3] Jefferson Peak's son in law, Thomas Field, was also an active real estate developer in East Dallas during the 1880s and 1890s. His firm, Field and Field Real Estate and Financial Agents, he managed to control or influence the sale of very large parcels of East Dallas land.