Town East/Skyline TIRZ

The Town East/Skyline Tax Increment Reinvestment Zone (TIRZ) was creat-ed in December 2016 with a 30 year term, expiring on December 31, 2035. In De-cember 2019 the Zone was expanded to include the Big Town area to support in-dustrial and economic development for industry job creation, cleanliness, and ap-peal to the industrial character of the Big Towne Gateway. The expansion in-creased the total acreage in the TIRZ to 1,120 acres. The TIRZ tax increment is 75 percent of the City’s captured value and the City is the lone jurisdiction partici-pating. Since its inception, the TIRZ has increased in value by $128 million. Signifi-cant development in the zone includes the Skyline Commerce Center strategically situated on an infill site just south of Interstate 30. This construction of 198,000 square feet of industrial space in the Big Town area has added $11 million of taxa-ble value into the zone. This addition accompanies a strong industrial presence facilitated by the Prologis and IDI distribution centers and leased by Elements In-ternational and Tubelite Dependable.