In a move set to reshape southeast Dallas, the Dallas City Council has unanimously green-lighted a substantial economic development incentive of $14.5 million for the upcoming Palladium Buckner Station Project. The strategy is to transform a mundane parking lot at the Buckner Light Rail Station into a thriving residential hub.
The incentive comes in the form of a loan not to exceed $6,183,092 and a grant not to exceed $8,316,907. Council Member Jaime Resendez, representing District 5, heralded the development as “the largest development in this part of Southeast Dallas in decades,” as the Dallas City news release reported. Resendez praised Palladium for their long-term commitment to property management post-construction. The development isn’t just about real estate maneuvering—it’s aimed at remedying the “City’s urgent need for high-quality affordable housing.”…