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Tax Increment Reinvestment Zone for Legacy area expands by nearly 1.8K acres

Plano City Council approved the expansion of a Tax Increment Reinvestment Zone, or TIRZ, in its Legacy area at a meeting Aug. 24.

The details: Director of Special Project Peter Braster said the initial boundary for Plano’s TIRZ 5 was created to focus on redevelopment at the former Electronic Data Systems campus, and included the PepsiCO/Frito Lay and Ericsson facilities along with the former JCPenny headquarters.

Explained: A TIRZ is a financing tool that local governments can use to finance projects and assist with economic development in a specific area, per city documents. Braster said TIRZ 5 is in effect for 25 years with a 65% increment, meaning most of the generated funds are going into redevelopment while the remaining 35% will go into the city’s general fund.

The background: The city approved $20 million in economic incentives for a new AT&T headquarters at the former EDS campus Feb. 23.

 
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Coming Soon
Salad and bowl restaurant, Flower Child, to open second Plano location near Legacy area

Flower Child, a restaurant that specializes in healthy foods, is opening a second Plano location soon.

What they offer: Flower Child’s menu has a variety of salads, bowls and wraps. Some of its sides include the cauliflower risotto, steamed brown rice, red chile glazed sweet potato and olive oil roasted vegetables.

 
What's Next Wednesday
SH 5 construction in McKinney, Texas Health Alliance expansion: Check out 5 of the latest construction filings around DFW

SH 5 in McKinney is turning into a 4-lane roadway and a hospital in the Alliance area is expanding its neonatal unit. Check out some of the latest construction projects filed with the Texas Department of Licensing and Regulation.

1. Core Scientific renovations
One of Denton’s two data centers, Core Scientific, will see renovations for a 27,678 square-foot facility to be used as a data hall, according to a TDLR filing.

  • Location: 8171 Jim Christal Road, Denton
  • Estimated timeline: Sept. 1, 2026-May 31. 2027
  • Estimated cost: $110 million

2. New lanes for SH 5 near the McKinney and Fairview border
The Texas Department of Transportation, or TXDOT, is turning a 2-lane roadway into a 4-lane, divided road with a shared use path per the TDLR filing.
  • Location: From Spur 399 to south of FM 1378
  • Estimated timeline: June 1, 2026-Dec. 1, 2028
  • Estimated cost: $60 million

 
CI Texas
Q&A: Get to know 3 candidates for Texas Railroad Commissioner

Texas voters will choose from Republican Bo French, Libertarian Arthur DiBianca and Democrat Jon Rosenthal in this November's Texas Railroad Commission race.

The details: The winner of the race will be sworn in to replace incumbent Commissioner Jim Wright in January.

French beat Wright in a May Republican primary runoff, advancing to the general election. Rosenthal ran uncontested in the March Democratic primary, while DiBianca was selected as the Texas Libertarian Party's candidate during an April nominating convention.

Did you know? The three-member railroad commission does not have any jurisdiction over the state's railroads—that authority was transferred to the Texas Department of Transportation and the federal government by 2005, according to the commission's website. Instead, the agency regulates Texas' oil and gas industries.

Looking ahead: Early voting in dozens of local and state races runs from Oct. 19-30, and Election Day is Nov. 3.

 

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Michael Crouchley
Editor

George Rodriguez
General Manager

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