Transcription

North Central TexasOpportunity ZonesJune 27, 2019

Agenda1. Regional Overview of North Texas Opportunity Zones2. Highlights of Selected Opportunity Zones Dallas CountyTarrant CountyCollin CountyDenton CountyJohnson County Wise CountyHunt CountyKaufmanEllis County2

NCTCOG Region2017 Population: 7,246,3502045 Pop. Estimate: 11.2 millionLand Area: 12,795 square milesCounties: 12 in MPO, 16 in NCTCOGCities: 236 (16 counties)Independent School Districts: 127Major Colleges & Universities: 9Transit Agencies: 3 (DART, DCTA, TM)3

RegionalOverviewMetropolitanPlanning Area(MPA)OpportunityZones4

Regional Economy OverviewMetropolitan Statistical Area 2017 Gross Domestic Product for the Dallas- Fort Worth- Arlington MSA: 535.49 billion (Federal Reserve Bank of St. Louis GDP by Metro Area, 2018) Population growth: Projected to 8,261,461 by 2030, 31.8% increase from 2010(Texas Comptroller 2018 Metroplex Regional Report) Job growth: 19.2% from 2007 to 2017 for the Dallas - Fort Worth - ArlingtonMSA (NCTCOG 2016 Comprehensive Economic Development Strategy)5

Opportunity Zone StatisticsOpportunity ZonesCounties9 (75%)Total NCTCOG RegionMetropolitan Planning Area12Cities35 (15.8%)205Acres654,456 (10.8%)6,042,569Population*Jobs 257,977 (3.6%)121,095 (3.6%)7,095,7653,368,107*Source: 2017 ACS 5-year estimates Source: 2015 Census LODES Jobs on the Map6

RegionalOverviewTransportation7

Highlights of SelectedOpportunity Zones8

Highlighted Zones (16 of 35)Dallas County Dallas Grand PrairieCollin County PlanoDenton CountyWise County Decatur GarlandTarrant County Fort Worth Denton LewisvilleJohnson CountyHunt County Greenville/CommerceKaufman County Arlington Cleburne TerrellEllis County Waxahachie/Ennis9

FocusCities10

(15 zones)Dallas11

Dallas Priority Zone 112

(15 zones)Dallas13

Dallas Opportunity Zones Features Located in South Dallas along theLancaster Rd Corridor Dallas Lancaster Corridor TOD Report,2012 TOD development potential alongcorridor at Dallas VA Medical Centerand adjacent to Kiest Station Tax Increment Financing District: TOD Primarily multi-family and mid-centurysingle family residential14

Dallas Opportunity ZonesZone Acres1,272Population(2017)18,415Jobs (2015)2539Bus Stops93Rail Stations2; Kiest & VA MedicalCenterMajor RoadsTX-342 (Lancaster Rd), TX12 (Ledbetter Dr), KiestBlvdCity of Dallas - Population 1,301,970(2019 estimate). 9% Increase since 2010Major Employers: VA North Texas HealthCare System (3938)1. 2017 Census ACS 5 Year Estimate2. 2015 Census LODES OnTheMap15

Dallas Opportunity ZonesCommercial Use Along S Malcolm X BlvdFarmer's Market and Residential On Taylor StTransit and Health Care Facilities Along Lancaster RdMargaret McDermott Bridge16

(1 zone*)Grand Prairie*Shares part of zone with City of Dallas17

Grand Prairie Opportunity Zone Features Lonestar Park, Verizon Theatre Current Land Use: Light industrial,warehouses/ logistics Tax Increment Reinvestment Zone (TIRZ)#118

Grand Prairie Opportunity ZoneZone Acres4,227Population(2017)13,897Jobs (2015)23,119Bus Stops9Rail Stations1; West Irving Station TRE(0.32 miles west of zone)Major RoadsPresident George BushTpke (SH 161), near US 30City of Grand Prairie - population 191,720(2019 estimate). 9% Increase since 2010Major Employers: APL Logistics (738), SaiaLTL Freight (400), Lone Star Park (400),Pollock Paper (350), AAA CooperTransportation (300)1. 2017 Census ACS 5-Year Estimate2. 2015 Census LODES OnTheMap19

Grand Prairie Opportunity ZoneHorse Track, Baseball Stadium and TheaterAccess to Major Roadways and Highways for DistributionWaterwaysOpen Space20

(1 zone)Garland21

Garland Opportunity Zone Features Mostly developed, single-family residential, suburban retail on Broadwayand Centerville 12-acre vacant parcel and aging retail plaza near intersection ofCenterville and Broadway zoned Community Retail District Part of Broadway/Centerville CatalystArea – Envision Garland 2030Comprehensive Plan (adopted 2012)22

Garland Opportunity ZoneZone Acres671Population(2017)16,475City of Garland - Population 237,270 (2019estimate). 5% Increase since 2010.Jobs (2015)2978Major Employers: South Garland HighSchool (226)Bus Stops8Rail Stations0Major RoadsBroadway Blvd, DuckCreek Dr1. 2017 Census ACS 5 Year Estimate2. 2015 Census LODES OnTheMap23

Garland Opportunity ZoneResidentialShopping CentersElementary, Middle, and High Schools24

(6 zones)Fort Worth25

Fort Worth Opportunity Zone Features Zone areas are part of Fort Worth’sNorthside Economic DevelopmentStrategy, 2011 Zones incorporate Fort Worth Stockyards Meacham International Airport Section of Trinity River Primarily older residential andindustrial land uses in zones Tax Increment Financing Zone #9and #1526

Fort Worth Opportunity ZonesZone Acres4,152Population(2017)115,177Jobs (2015)26,902Bus Stops66Rail Stations1; North Side StationMajor RoadsSH 183, IH 35W, SH 287BCity of Fort Worth - Population 848,860(2019 estimate). 15% Increase since 2010.Major Employers: Billy Bob’s Texas (250),Trinity Industries (160), Fort Worth PoliceDepartment (128), Stockyards Hotel (127)1. 2017 Census ACS 5-Year Estimate2. 2015 Census LODES OnTheMap27

Fort Worth Opportunity ZonesManufacturing on E Morphy StUS 287Samuels AveE Berry StCommercial Area Along N Main St28

(1 zone)Arlington29

Arlington Opportunity Zone Features Located in east central Arlington Primarily mid-century residential Aging suburban retail focused on EastPioneer Parkway (State Hwy 303) Almost completely developed.Opportunity in commercialredevelopment. Partially in Collins Street and PioneerParkway Design Guidelines30

Arlington Opportunity ZoneZone Acres654Population(2017)18,347Jobs (2015)22,377Bus Stops0Rail Stations0Major RoadsPioneer Pkwy, near SH303 and SH 360City of Arlington - Population 386,180(2019 estimate). 6% Increase since 2010Major Employers: Texas Health and HumanServices Commission (156), RankinElementary School (58)Education: Arlington ISD Career andTechnical Education Center1. 2017 Census ACS 5-Year Estimate2. 2015 Census LODES OnTheMap31

Arlington Opportunity Zone PhotosShopping CentersArlington ISD Career and Technical CenterE Pioneer Parkway / TX 30332

Plano(1 zone)33

Plano Opportunity Zone FeaturesEnvision Oak Point Plan (approved by city council July 2018)– long range neighborhood vision to guide future investmentin the area Partially developed with suburban housing and retail Large undeveloped areas include a working dairy farm andOak Point Park & Nature Preserve (floodplain) Major redevelopment opportunity in Plano Market SquareMall34

Plano Opportunity ZoneZone Acres1,324Population(2017)15,850Jobs (2015)22,034Bus Stops7 (DART)Rail Stations1; Parker Road DART (0.25miles south of zone)Major RoadsHwy 75 (Central Expressway),Hwy 5 (Greenville Ave/ Ave K)City of Plano - population 284,070 (2019estimate). 9% Increase since 2010Major Employers: L-3 Mustang Technology(196), Costco (194), Sam’s Club (179),H-Mart (100)Education: Collin County Community College– Spring Creek Campus (adjacent to Zone)1. 2017 Census ACS 5 Year Estimate2. 2015 Census LODES OnTheMap35

Plano Opportunity ZoneWorking DairyPlano Market Square – Antique MallL3 – Major EmployerI -75 / Spring Creek ParkwayPlano Event Center36

(1 zone)Denton37

Denton Opportunity Zone Features Denton Future Land Use Plan 2030- Low/moderate residential,business innovation, neighborhood mixed used, green space Denton Mobility Plan- Pedestrian and BicycleLinkage Component Adjacent to Downtown TIRZ with a 24.8million budget Includes the Technology Resource Centerof America Near University of North Texas andadjacent to Texas Women's University38

Denton Opportunity ZoneZone Acres1,705Population(2017)19,512Jobs (2015)2794Bus Stops27Rail Stations1; Downtown DentonTransit Center DCTA (0.19miles south of zone)Major RoadsSH 288, HWY 380City of Denton - population 134,460 (2019estimate). 19% Increase since 2010Major Employers: Safran Electrical andPower (750), FEMA Texas NationalProcessing Service Center (594)1. 2017 Census ACS 5 Year Estimate2. 2015 Census LODES OnTheMap39

Denton Opportunity ZoneStaffing Center and Commercial SpaceCommercial Space and Serve Denton Center NPOFEMA and Texas Department of Public SafetyResidential Development40

Lewisville(2 zones)City of Lewisville41

Lewisville Opportunity Zone Features Old Town Lewisville – city focused revitalization and TransitOriented Development (TOD) (numerous vacant parcels) Mixed use – industrial transition, adaptive reuse Old Town TOD Plan (2010) Mill Street Corridor Plan (2010) IH-35E Corridor Redevelopment Plan (2014) https://ecodevlewisville.com/special-initiatives Zoning and incentives to encourage newdevelopment and redevelopment currently inplace for Old Town42

Lewisville Opportunity ZonesZone Acres1,468Population(2017)17,809Jobs (2015)28,007Bus Stops36Rail StationsOld Town Station DCTAMajor RoadsI-35E, SH 121BCity of Lewisville - population 105,640(2019 estimate). 11% Increase since 2010.Major Employers: Medical CenterLewisville (554), Lewisville ISD DistributionCenter (336), Unarco Material Handling Inc(250), Sam Pack’s Five Star Ford ofLewisville (135)1. 2017 Census ACS 5 Year Estimate2. 2015 Census LODES OnTheMap43

Lewisville Opportunity ZonesHousing and Commercial DevelopmentStudio Movie GrillOffice Park CircleRetail Shopping Areas44

Cleburne(1 zone)CleburneCleburne45

Cleburne Opportunity Zone Large sections of zone is part of The Cleburne Comprehensive Plan, 2014 The Cleburne Master Thoroughfare Plan, 2008 Included features: Cleburne Municipal Airport The Depot at Cleburne Station"Best of the Ballparks 2017, Independent Baseball“(Ballpark Digest) Current land use primarily Oil/Gas andAgricultural46

Cleburne Opportunity ZoneZone Acres17,533Population(2017)15,179Jobs (2015)27,784Bus Stops0Rail Stations0Major RoadsU.S. Hwy 67, Chisholm TrailPkwy, Weatherford HWY,SH 3048City of Cleburne- population 30,770 (2019estimate). 5% Increase since 2010.Major Employers: Walmart DistributionCenter (736), Texas Health HarrisMethodist Hospital Cleburne (435), JohnsManville (400), Universal PressurePumping (280)1. 2017 Census ACS 5 Year Estimate2. 2015 Census LODES OnTheMap47

Cleburne Opportunity ZoneCommercial and Health Services Along Nolan River RdWarehousing and Supply Chain Along W Industrial BlvdWal-Mart Distribution Center Along Windmill RdCommercial Along US 6748

Decatur(1 zone)DecaturDecatur49

Decatur Opportunity Zone Features Zone contains both Decatur Municipal Airport Red Ace Ranch Airport Zone is part of City of Decatur Master Plan,2004 Primary land use includes retail, healthcare,manufacturing, transportation & distributionindustries Located in the northwest corner of the DallasFort Worth metropolitan area50

Decatur Opportunity ZoneZone Acres13,176Population(2017)16,210Jobs (2015)27,194Bus Stops0Rail Stations0Major RoadsHWY 81, HWY 380,HWY 287City of Decatur - population 7,190 (2019estimate). 19% Increase since 2010Major Employers: Wise Regional HealthSystem- East Campus (1400), WalmartSupercenter (497), Wise Regional HealthSystem (400), James Wood MotorsDecatur (361), Poco Graphite Inc (325)1. 2017 Census ACS 5 Year Estimate2. 2015 Census LODES OnTheMap51

Decatur Opportunity ZoneMedical Center DriveUS 380 – Manufacturing CenterUS 81Town Square52

Hunt CountyOpportunity Zones(8 zones)53

Hunt County –Greenville(2 zones)Greenville54

Hunt County –Commerce (2 zones)Commerce55

Hunt County Opportunity Zone Features Mostly rural, undeveloped land Includes part of Greenville’s historic downtown West Greenville Small Area Plan (2011) Tax Increment Reinvestment Zone (TIRZ) # 1 Development focus on I-30 Commerce historic downtown and city hall Texas A&M University Commerce Opportunity Zone is part of city’s 2017 “Re-ImagineCommerce” Action Plan56

Hunt County Opportunity ZonesZone Acres41,927Population(2017)117,919Jobs (2015)26,970Bus Stops0Rail Stations0Major RoadsIH-30, Hwy 36, Hwy 50Hunt County- population 97,410 (2019estimate). 13% Increase since 2010Major Employers: Hunt Regional MedicalCenter (850), Texas A&M – Commerce(850), Cytec Engineered Materials (350),Masonite Corp (250), WeatherfordInternational (225), Innovations First (225)Education: Texas A&M UniversityCommerce1. 2017 Census ACS 5 Year Estimate2. 2015 Census LODES OnTheMap57

Hunt County Opportunity ZonesHighway Access and Open LandTexas A&M University at CommerceDowntown CommerceVacant Residential Lots58

(3 zones)TerrellTerrell59

Terrell Opportunity Zone Features Kaufman County Transportation plan,2016 Thoroughfare improvements, bikewayplanning, and transit planning Zones include: Terrell Municipal Airport Terrell Historic Downtown Primarily land uses are industrial,agricultural, then residential andcommercial Primary industries are manufacturing,retail, and healthcare Tax Increment Finance Zone #160

Terrell Opportunity ZonesZone Acres15,099Population(2017)117,223Jobs (2015)210,600Bus Stops0Rail Stations0Major RoadsI-20, US-80, SH 34, SH 34B,SH 205, SH 148, SH 557City of Terrell – population 16,740 (2019estimate). 6% Increase since 2010Major Employers: Oldcastle BuildingEnvelope Inc (900), Terrell State Hospital(750), Madix (610), Walmart DistributionCenter (500), Walmart Supercenter (500)1. 2017 Census ACS 5 Year Estimate2. 2015 Census LODES OnTheMap61

Terrell Opportunity ZonesCommercial RetailResidential LotsHighway Access62

Ellis CountyOpportunity Zones(5 zones)63

Ellis County –Ennis(2 zones)EnnisEnnis64

Ellis County (2 zones) WaxahachieWaxahachieWaxahachie65

Ellis County Opportunity Zone Features Ellis County Historic Courthouse and Historic DowntownWaxahachie (Tax Increment Reinvestment Zone #1) Partially in