may use tax-increment financing to help build a new toll road, The
Fort Worth Star-Telegram reported Jan. 29.
financing, or TIF, uses tax money from development to pay for public
improvements – such as new roads – that benefit the development.
Weaver, project manager with Austin-based consultant group Prime
Strategies, said three TIF districts – near Bellaire Drive, Oakmont
Boulevard and Altamesa Boulevard – could be created to help pay
for the proposed Southwest Parkway toll road, pumping millions into
$300 million project includes 8.2 miles of toll road in the city
and 15.1 additional miles from there to Cleburne, TX.