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TIF 2: Speedway

  • Texas Motor Speedway aerial picture
  • Texas Motor Speedway condos
  • Texas Motor Speedway NASCAR/Sprint logo

TIF 2 (Speedway) was created as a means to purchase the Texas Motor Speedway (TMS) and finance needed public improvements within the TIF district boundary. The TIF district was expanded in 1999 to provide for the construction, renovation and operation of educational facilities located in the Northwest ISD tract, and to provide for additional infrastructure work such as street improvements, drainage, and traffic signs.

Date Created: Dec. 19, 1995; Expanded Aug. 10, 1999
End of Term: Dec. 31, 2035
Total Acreage: 568 (TIF 2A); 921 (TIF 2B)

Property Description: Located west of Interstate 35W off of State Highway 114 in Denton County. View the boundary map.

Projects: Purchase of Texas Motor Speedway as public improvement by the Sports Authority, public improvements within the TIF district; construction, renovation and operation of educational facilities located within the NISD tract; future infrastructure improvements to promote private development throughout the area.

Project and Financing Plan

Last amended Oct. 29, 2002. Download the full plan.

Financial Information

2A 2B
Base Value $2,842,050 $2,242,077
2015 Taxable Value $34,396,798 $26,679,077
Percent Growth 1,110% 1,090%
2015 City of Fort Worth Contribution $0 $0

Level of Participation by Entity

2A 2B
City of Fort Worth 0%* 0%
Denton County $90,000 $0
Northwest ISD Calculated by formula annually

* Ceased participation in lieu of mineral revenues.

Board Members

  • Chair: Dennis Shingleton, City of Fort Worth
  • Sal Espino, City of Fort Worth
  • Phillip Vaden, City of Fort Worth
  • Kenton Nelson, City of Fort Worth
  • Tom Kelly, City of Fort Worth
  • Lori Fickling, Denton County
  • Mel Fuller, Northwest ISD
  • Tan Parker, State Representative
  • Karen Rue, State Senator

For more information about TIFs, email TIF@fortworthtexas.gov.

Contact

Economic Development Department
1150 South Freeway, Suite 106
Fort Worth, TX 76104
817-871-6021 (phone)
817-332-6465 (fax)

Office of Small Business
1150 South Freeway, Suite 106
Fort Worth, TX 76104
817-871-6021 (phone)
817-332-6465 (fax)

Office of Business Diversity
1150 South Freeway, Suite 144
Fort Worth, TX 76104
817-871-6021 (phone)
817-332-6465 (fax)

Director:
Robert Sturns

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Calendar

Green Breakfast Networking Event: 9 a.m. May 31, 2018; Business Assistance Center, James E Guinn Entrepreneurial Campus, 1150 S. Freeway.
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Copyrights, Patents and Trademarks: 9 a.m. June 2, 2018; Business Assistance Center, James E. Guinn Entrepreneurial Campus, 1150 S Freeway.
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Certification Training for Minority, Women, Small, or Disadvantaged-Own Business Enterprises: 6 p.m. June 12, 2018; James E. Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway .

HR 101: Key Issues and How to Solve Them in 2018: 11:30 a.m. June 14, 2018; Business Assistance Center, James E. Guinn Entrepreneurial Campus, 1150 S Freeway.
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Business Plan Competition: Last Day to Enter: 8 a.m. June 15, 2018; Office Of Small Business, 1150 South Fwy.
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City of Fort Worth Workshops: RFP, RFQ, ITB, A+B & Best Value Solicitations: 8 a.m. June 21, 2018; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway .

Canceled City of Fort Worth “Monthly Informational Forum for M/WBEs”: 11:30 a.m. June 21, 2018; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.

Breakfast at the BAC - This Is One Awesome Sales Guru: 7:30 a.m. June 28, 2018; Business Assistance Center, James E. Guinn Entrepreneurial Campus, 1150 S Freeway.
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