Iron Horse Public Improvement District encompasses a 54-acre mixed use development consisting of retail, restaurant, office and residential known as “Iron Horse Village” and located North of Rodeo Drive, South of Scyene Road, East of Stadium Drive and West of Rodeo Center Boulevard in Dallas County.
In June 2019, the City Council issued special assessment revenue bonds in the amount of $10,050,000 to finance authorized public improvements that provide a special benefit to the property within PID. The debt service on the bonds is paid through a property assessment levied each year on each property owner within the PID.
The development includes:
- 51 single‐family bungalow homes with a minimum lot size of 2,600 square feet and a minimum dwelling size of 1,250 square feet for one‐story bungalows and 1,600 square feet for two‐story bungalows, each with an average taxable value of $288,900.
- 30 single-family villas with a minimum lot size of 4,000 square feet and a minimum two-story dwelling size of 1,800 square feet, each with an average taxable value of $310,300
- 57 single‐family urban row homes with a minimum lot size of 1,296 square feet and a minimum three-story dwelling size of 1,200 square feet each with an average taxable value of $256,800.
- 198 single‐family townhomes with a minimum lot size of 1,400 square feet and a minimum two-story dwelling size of 1,200 square feet each with an average taxable value of $235,400.
- 130,000 square fee of restaurant and retail space