TIRZ 1 OKs Major Incentive Deal With TCDFW Development

The Arlington Downtown TIRZ 1 Board approved an Economic Development and Reimbursement Agreement with TCDFW Development, Inc. for a $123 million mixed-use project, providing up to roughly $36 million in grants and reimbursements plus fee waivers in exchange for substantial public improvements and long-term public parking. The agreement sets firm construction deadlines, a 99-year ground lease and parking easement, and detailed financing and default terms.

Scope & details

The full contract record, as filed.

Contract amount

City grants: $9,600,000 land acquisition; TIRZ reimbursements up to $16,415,300; City reimbursements up to $9,907,037; City annual grants 5 × $500,000; Office building condo interest for $1

Contract type

OTHER

Contract term

Agreement effective date in 2026 through final grant payment; construction must begin by September 14, 2027 and be completed by September 30, 2031; 99-year ground lease; 99-year public parking easement

Renewal date

2031-09-30

Renewal

Base term runs until all incentive payments under Section 4(d) are made; agreement may terminate earlier upon uncured default, in which case incentives beyond the initial $9,600,000 grant must be repaid. Ground lease and public parking easement each run 99 years; City Manager may extend project completion date by 180 days. No automatic renewals stated.

Document type

AgendaPacket

Source document

City of Arlington Tax Increment Reinvestment Zone Number One Board of Directors Agenda Packet 2026-08-11

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Arlington?

Tcdfw Development Inc was awarded this government contract by City of Arlington, as recorded on August 8, 2026. The contract value is City grants: $9,600,000 land acquisition; TIRZ reimbursements up to $16,415,300; City reimbursements up to $9,907,037; City annual grants 5 × $500,000; Office building condo interest for $1.

How much is the Tcdfw Development Inc contract with City of Arlington worth?

The Tcdfw Development Inc contract with City of Arlington is valued at City grants: $9,600,000 land acquisition; TIRZ reimbursements up to $16,415,300; City reimbursements up to $9,907,037; City annual grants 5 × $500,000; Office building condo interest for $1.

What type of contract is this?

This is a government contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Arlington Tax Increment Reinvestment Zone Number One Board of Directors Agenda Packet 2026-08-11 (AgendaPacket), dated August 8, 2026 from City of Arlington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tcdfw Development Inc hold?

Tcdfw Development Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Tcdfw Development Inc's profile

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