Can Dallas overcome its history and actually build up the south? | Opinion
to encourage developers to invest in underserved, distressed areas. The fund would provide a steady revenue source that the city and developers could tap to make infrastructure improvements such as water and sewer line connections, sidewalks, lighting, public parks, green space and in some instances, cover some environmental studies and property remediation costs.
The city estimates that the fund could generate nearly $199 million by 2033. Other initiatives would provide five- and 10-year tax breaks for eligible projects and interest-free loans to help women and minority developers with pre-development costs such as market studies, architecture and engineering work, environmental tests and structural assessments.
from a review of individual proposals to a more targeted strategy to rebuild historically neglected communities, many of them in southern Dallas. But here’s where Dallas has to come to grips with its history. Success of this initiative all comes down to execution: improving permitting, expediting project reviews, adding affordable housing and making quality-of-life enhancements. The city’s permitting process takes much longer than the process in neighboring cities, and the city still hasn’t refined a workable strategy to make a dent in the dearth of affordable housing.
Through this investment fund, Dallas has an opportunity to reverse the impact of neglect, pick up the pace of change and provide the revenue and assurances that tangible investments in basic infrastructure will be made in a timely fashion.
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