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District 3 Tax Abatement Project Status – 2002-2011

YR City Dist Project Re-
quired
#Hous-
ing
Units
Re-
quired
#Jobs/
Payroll
In-
crease
Initially
Re-
quired
Tax
Base
Increase/
Invest-
ment*
Actual
Tax Base
Increase
As of 1/2011
Type
of
Abate-
ment
Effec-
tive
Date
Status
2003 Dallas 3 DP&L
Build-
ings
155 n/a $10 million $7.2 million 90% real 1/1/05 Project completed; Fulfilled initial investment requirement.
2003 Hutchins 3 FedEx n/a 200 $50 million $52.5 million 85% real/BPP 1/1/06 Project completed; fulfilled initial investment requirements.
2003 Dallas 3 Republic
Center
Tower
200 n/a $20 million $20.7 million 90% real 1/1/07 Renovations completed; fulfilled initial investment requirement.
2004 Dallas 3 Inter-
urban
Bldg.
100 n/a $9.9 million $9.2 million 90% real 1/1/06 Project completed; fulfilled initial investment requirements.
2005 Dallas 3 One Arts
Plaza
n/a 675 $90 million $137 million 56%-75% real/BPP 1/1/08 Project completed.
2005 Dallas 3 Dallas
Morning
News
n/a 80 $31.5 million $7.4 million 90% real 1/1/07 Project completed; but facility closed and abatement terminated after two years.
2005 Dallas 3 Mercan-
tile Complex
300 n/a $40 million $32.4 million 90% real 1/1/09 Project completed.
2005 Dallas 3 Fidelity Union Tower 400 n/a $30 million* $44.5 million 90% real 1/1/07 Renovations completed; project has fulfilled its investment requirement.
2006 Dallas 3 U.S.
Post Office/
Court-
house Bldg.
n/a n/a $3 million $5.5 million 70% real 1/1/12 Project largely completed.
2007 Dallas 3 Wood-
lawn/
Old Park-
land Hospital
n/a n/a $12.5 million $5.6 million 90% real 1/1/10 Project completed; fulfilled initial investment requirements.
2008 Dallas 3 804 Pacific n/a n/a $3 million n/a 50% real 1/1/10 Project did not materialize, eligibility period has expired.
2009 Dallas 3 Nurses Building n/a n/a $2.7 million n/a 70% real 1/1/10 Project completed; fulfilled initial investment requirements.
2009 Dallas 3 Lake June Plaza Shop-
ping Center
n/a n/a $5 million $3.5 million 75% real 1/1/11 Project completed; but is not eligible for abatement.
2010 Wilmer 3 Whirl-
pool Dist.
Center
n/a 100 $40 million n/a 85% real/BPP 1/1/12 Project just recently completed.

* Some projects, especially earlier ones involving historic preservation, were required to generate investment at a certain level rather than increasing the tax base by a certain amount. These projects are denoted by an asterisk.