Bisnow: what the new Opportunity Zone map means for Dallas-Fort Worth

Billy Wadsack at Bisnow wrote about the newly nominated Opportunity Zone tracts in Dallas-Fort Worth: “OZ 2.0 Program Could Bring ‘Enormous Money’ Into DFW”.

His starting question was whether the DFW map got smaller. It didn’t. Texas flipped its map from rural to urban. Dallas County went from 18 zones to 60, with 44 inside the City of Dallas. Tarrant County went from 7 to 20.

I told him Dallas could see $250 to $300 million a year of new equity going into its low- and moderate-income neighborhoods over the next decade. “That’s enormous money that doesn’t cost the city of Dallas anything.”

The photo in the story is one I took with my drone. It shows Bishop Ridge, the neighborhood east of Lake Cliff Park in North Oak Cliff where the Savoy team has done a lot of its Opportunity Zone work.

These tracts are nominated, not final. Treasury certifies the map, probably in late November. The full list is on the Governor’s Economic Development & Tourism page, and I wrote up how Texas chose them.