A special tax district for the 7,200-acre Walsh development in west Fort Worth considered a key area for future economic development moved a step closer to formation as council members voted unanimously to hold a public hearing on Nov. 11 prior to a vote on the plan.
Funds from the special tax district could help pay for large projects such as new roads or utility lines in the fast-growing area, city leaders said.
“The Walsh TIF (tax increment financing district) lays the groundwork for sustainable, long-term growth by investing in the critical infrastructure — roads, water and sewer systems — that will attract new businesses, jobs and families to west Fort Worth,” said council member Michael Crain, whose district includes the Walsh development. “This initiative positions Walsh as a hub for innovation and economic opportunity ensuring that development happens thoughtfully and responsibly as we continue building one of the most dynamic areas in our city.”…