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Tax Abatement Projects

Administration Building - 411 Elm Street, Dallas, Texas 75202
YRCityDistProjectRequired #Housing UnitsRequired #Jobs/Payroll IncreaseInitially Required Tax Base Increase/Investment*Actual Tax Base Increase As of 1/2011Type of AbatementEffective DateStatus
2003Dallas3DP&L Buildings155n/a$10 million$7.2 million90% real1/1/05Project completed; Fulfilled initial investment requirement.
2003Hutchins3FedExn/a200$50 million$52.5 million85% real/BPP1/1/06Project completed; fulfilled initial investment requirements.
2003Dallas3Republic Center Tower200n/a$20 million$20.7 million90% real1/1/07Renovations completed; fulfilled initial investment requirement.
2004Dallas3Interurban Bldg.100n/a$9.9 million$9.2 million90% real1/1/06Project completed; fulfilled initial investment requirements.
2005Dallas3One Arts Plazan/a675$90 million$137 million56%-75% real/BPP1/1/08Project completed.
2005Dallas3Dallas Morning Newsn/a80$31.5 million$7.4 million90% real1/1/07Project completed; but facility closed and abatement terminated after two years.
2005Dallas3Mercantile Complex300n/a$40 million$32.4 million90% real1/1/09Project completed.
2005Dallas3Fidelity Union Tower400n/a$30 million*$44.5 million90% real1/1/07Renovations completed; project has fulfilled its investment requirement.
2006Dallas3U.S. Post Office/Courthouse Bldg.n/an/a$3 million$5.5 million70% real1/1/12Project largely completed.
2007Dallas3Woodlawn/Old Parkland Hospitaln/an/a$12.5 million$5.6 million90% real1/1/10Project completed; fulfilled initial investment requirements.
2008Dallas3804 Pacificn/an/a$3 millionn/a50% real1/1/10Project did not materialize, eligibility period has expired.
2009Dallas3Nurses Buildingn/an/a$2.7 millionn/a70% real1/1/10Project completed; fulfilled initial investment requirements.
2009Dallas3Lake June Plaza Shopping Centern/an/a$5 million$3.5 million75% real1/1/11Project completed; but is not eligible for abatement.
2010Wilmer3Whirlpool Dist. Centern/a100$40 millionn/a85% real/BPP1/1/12Project just recently completed.