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Tax Increment Reinvestment Zone No. 3 along Dallas Parkway and downtown area

Sector: Government • Location: Prosper, Texas, USA

Source: Community Impact | News

Project
Planned

Prosper officials have taken the first step toward using a tax increment reinvestment zone (TIRZ) as an economic development tool to fund infrastructure and public projects along Dallas Parkway from US 380 to Frontier Parkway and in the downtown area. The Town Council approved a resolution to set a public hearing for the creation of TIRZ No. 3, which will allow the municipality to use a portion of

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The project “Tax Increment Reinvestment Zone No. 3 along Dallas Parkway and downtown area” is an infrastructure initiative in the Government sector, located in Prosper, Texas, USA. Taiyo aggregates data on it from Community Impact | News.

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Description

Description

Prosper officials have taken the first step toward using a tax increment reinvestment zone (TIRZ) as an economic development tool to fund infrastructure and public projects along Dallas Parkway from US 380 to Frontier Parkway and in the downtown area. The Town Council approved a resolution to set a public hearing for the creation of TIRZ No. 3, which will allow the municipality to use a portion of future increases in property tax revenue to fund public improvements within the zone.

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