The Dallas Area Rapid Transit (DART) Board of Directors has unanimously approved an interlocal agreement (ILA) framework, enabling the agency to contribute a percentage of its sales tax revenue to Tax Increment Reinvestment Zones (TIRZs) established by its member cities. This collaborative initiative aims to revitalize specific areas within DART’s service footprint.
Developed in conjunction with DART's member cities, the framework is designed to stimulate transit-oriented development, increase transit ridership, grow overall tax revenue, and leverage DART’s extensive transportation services and facilities as a key economic development asset.
"This framework provides a consistent, equitable approach that allows DART to support the economic development priorities of our member cities while preserving our financial integrity and service commitments,” said Nadine S. Lee, President & CEO of DART. “It reflects our belief in being a collaborative partner in shaping communities that are both transit-friendly and economically vibrant.”
TIRZs, also known as TIF Districts, are municipal economic development tools that allow for the reinvestment of tax revenue into infrastructure and revitalization projects within designated areas. The newly approved ILA framework ensures DART’s automatic participation in these zones under clear terms, guaranteeing that contributions align with DART’s mission and public transit objectives.
Don Magner, City Manager of Richardson, lauded DART’s proactive approach: “DART’s leadership in creating this new economic development tool for its member cities has been exceptional. Their participation in our TIRZ will empower us to be more creative when competing for new developments and attracting new business to our community. We look forward to partnering with DART to strengthen and grow our economy and appreciate their willingness to engage on this important initiative.”
The approval follows several months of extensive discussions between city leaders and DART staff, underscoring a growing emphasis on collaboration among regional agencies.
