{"id":464922,"date":"2026-10-13T17:38:08","date_gmt":"2026-10-13T17:38:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/464922\/"},"modified":"2026-10-13T17:38:08","modified_gmt":"2026-10-13T17:38:08","slug":"fort-worth-to-vote-on-12m-incentives-for-first-major-panther-island-development","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/464922\/","title":{"rendered":"Fort Worth to vote on $12M incentives for first major Panther Island development"},"content":{"rendered":"

The Fort Worth City Council will vote Tuesday on incentives for a proposed 12-story mixed-use development on Panther Island. <\/p>\n

FORT WORTH, Texas \u2014 A 12-story apartment tower could be coming to Fort Worth’s Panther Island, a mostly vacant piece of land that is envisioned to become a waterfront development. But first, Fort Worth must decide whether to provide the developers with more than $12 million in incentives.\u00a0<\/p>\n

On Tuesday, Fort Worth’s City Council will vote on a development agreement with Austin-based Seco Enterprises LLC, which plans to build a $100 million development in the heart of Panther Island<\/a>. The tower would be built between North Main Street, North Commerce Street, and Northeast 4th Street.<\/p>\n


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According to the agreement, the City of Fort Worth would agree to waive Transportation Impact Fees in an amount not to exceed $2 million and provide 10 annual grants not to exceed $10 million in total, according to the Fort Worth City Council agenda. The incentives are meant to facilitate the project, which in turn will benefit the local economy, officials said.\u00a0<\/p>\n

The developer is promising a minimum 12-story building containing 290 multifamily units, 9,000 square feet of retail, and various public improvements, according to the city. Officials hope the development will be a catalyst for additional development in the area as federal officials work to turn hundreds of acres of land into waterfront property,\u00a0the Dallas Business Journal reported<\/a>.\u00a0<\/p>\n

The flood control project, called the Central City Flood Control Project, will redirect the Trinity River and create the appearance of an 800-acre natural island in a space that formerly housed industrial warehouses and dump sites. Panther Island spans about 500 acres north of downtown and is the site of a major redevelopment effort that coincides with the flood control project.\u00a0<\/p>\n

Tuesday’s council meeting is scheduled to begin at 6 p.m.<\/p>\n","protected":false},"excerpt":{"rendered":"The Fort Worth City Council will vote Tuesday on incentives for a proposed 12-story mixed-use development on Panther…\n","protected":false},"author":2,"featured_media":464923,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[116,118,117],"class_list":["post-464922","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-worth","tag-fort-worth","tag-fort-worth-headlines","tag-fort-worth-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/464922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=464922"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/464922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/464923"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=464922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=464922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=464922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}