We have evidence that Victory is, indeed, a success, as Kirk says. As it happens, the draft annual report for fiscal year 2007 (ending September 30) for the Sports Arena TIF came out on Monday. It won’t go online until the City Council formally accepts it next month. But here are the relevant numbers from page eight:
The district’s assessed 1998 [Ed note: the year of the arena election] tax value was $16,423,773. The total appraised value of all taxable property for 2007 was approximately $386,526,044 … which represents an increase in taxable value of $206,251,094 (114%) from 2006.
So is Victory a success? As an investment by the City of Dallas, it is a huge success.