It’s estimated to cost around $390 million to turn the city-owned property into a new walkable community with more than 6,800 new homes, over 12,000 jobs, new...
The master plan calls for turning the city-owned, 738-acre site of a closed naval air station into a new mixed-use neighborhood
Automobiles fill the former ramp areas at Hensley Field on Wednesday, Dec. 14, 2022, in Dallas. The Dallas City Council approved a master plan to redevelop the 738-acre area into a new neighborhood with thousands of new homes and jobs., a 738-acre site of a closed naval air station on Mountain Creek Lake in southwest Dallas, into a new mixed-use neighborhood received the green light from the City Council on Wednesday.
It’s estimated to cost around $390 million to turn the city-owned property into a new walkable community with more than 6,800 new homes, over 12,000 jobs, new parks and waterfront trails, a marina, a possible film studio and other amenities.
That’s estimated to raise between $198 million to $243 million in property tax revenue over 20 years. A combination of bond money, federal infrastructure grants, American Rescue Plan Act money and other financing methods are suggested as ways to make up the rest of the cost.
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