The Dallas City Council on Wednesday approved about $2 million in tax breaks for developers planning to build a Kroger grocery store and apartments at 1823 North Hall St., just northeast of downtown Dallas.
The incentives will effectively halve the property taxes due on the land for 10 years. (It’s a better figure for the city than was presented several weeks ago, when the City Council punted a previously scheduled vote on a 90 percent abatement that would have foregone about $4 million in tax revenue.)
Plans for the One City View development call for 375 apartment units to be built, with 75 of them (or 20 percent) set aside for residents making 60 percent of the Dallas area’s median family income, which comes out to $36,000 for a one-person household and $51,000 total for four people. Council members who supported the tax breaks say it’s the affordable housing—and not the grocery store—that the city is subsidizing here.
Councilwoman Carolyn King Arnold, who represents District 4 in Oak Cliff and southern Dallas and voted against the incentives, noted that there are parts of town in much greater need of a grocery store. “Kroger has not done the southern sector well,” she said.
But most of the debate before the 11-3 vote—Mayor Eric Johnson, who tested positive for COVID-19 this week, was absent—hinged largely on the affordable housing, and on a hypothetical: What would Georgia-based Southeastern Development and Kroger do without the city incentives?Read More