According to a statement released by developer Prescott Realty Group, a Dallas area development company involved with the TIF's creation, the district will have a 30-year life, with anticipated incremental tax revenue at $328 million during that time. However, there is more than money at stake for the district.

"The primary focus of this effort is to encourage high-density, mixed-use, pedestrian-friendly developments around existing DART Rail stations," said Dallas City Manager, Mary Suhm in the press release. "The TIF provides an effective development tool to encourage the redevelopment of important, centralized areas of the city, as well as new development."

"A major goal of the TIF District is improving access and connections between DART Rail station areas and strategic Dallas amenities such as the campus and future research facilities of Southern Methodist University, the George W. Bush Presidential Library, the Trinity River, Southside on Lamar, and the heart of Cedars to the Convention Center area, Dallas Zoo, Cedar Crest Golf Course and Veterans Memorial Hospital," said Prescott Realty's CEO Jud Pankey in the statement.

In addition to encouraging development along the light-rail routes, TIF revenue allocated for public infrastructure uses will also provide connectivity and support for neighboring projects. Planned improvements will include streets, sidewalks, lighting and landscaping to encourage pedestrian use.