Dallas/ Retail & Industry
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Published on March 01, 2024
Dallas City Council Approves $1.77M TIF Incentive for New Lancaster Road Retail SpaceSource: City of Dallas

The Dallas City Council signed off on a sweet deal last month, agreeing on a Tax Increment Financing (TIF) development packed with UCR Development Services LLC, marking a new page for the Lancaster Road Corridor. As reported on February 29 by the City of Dallas Office of Economic Development, the Council gave the thumbs-up to shovel over a TIF incentive of up to $1,778,000 to the development company for a smashing new community retail space where the old Lancaster-Kiest Branch Library used to stand. The City of Dallas details the transaction that's estimated to pour $5.6 million into the area for a project set to build out three buildings, summing up to around 11,640 square feet of swanky spots for shops, eateries, and financial outfits.

Passing the hard hat around earlier in February, officials broke ground at the Park South Family YMCA to signal the start of its revamp into a cutting-edge 41,000-square-foot facility. Prestige guests like Dallas YMCA President and CEO Curt Hazelbaker, YMCA Board Chair Dr. Jasmine Collier, and District 7 Council Member Adam Bazaldua turned the soil on February 6, nodding to the future hub expected to serve north of 2,800 folks with affordable and quality services. "The reimagined YMCA is anticipated to serve over 2,800 individuals with programs that will cater to individuals of all ages," according to the City of Dallas. Health and wellness, childcare, and business advice are on the docket � all within these freshly minted walls.

Meanwhile, over at H-E-B, they're casting the net wide open for the 11th Annual H-E-B Quest for Texas Best. If you've got something special tucked away that you reckon could tickle the fancy of the supermarket giants, now's the chance to hook 'em with a 2-minute video pitch. Texas-made products are the catch of the day, and entrants stand to win a whopping $25,000 and shelf space in H-E-B stores. Slip into something comfortable, press record, and brag about your goods before the April 4 deadline.