Page 2 - The Canyon.5
P. 2

The opportunity





                You are invited to view The Canyon in Oak Cliff, one of the most exciting and largest urban infill development  opportunities
                in North America.  Envisioned as a close-in, cohesive community environment designed for real livability, workability, and
                convenience. Located less than five miles from Downtown Dallas, at the southwest corner of North Westmoreland Road and
                Interstate 30.  The site is 1 mile in length north to south, with a unique topography by Dallas standards. The area contains rolling
                hills and valleys, offering vistas of this spectacular property with views of the downtown skyline and a running stream traversing
                the property south to north. At 186 acres, a developer has the opportunity to create a significant 30 acre highway fronting lifestyle
                retail project. The Property caps the west boundary of the North Oak Cliff neighborhood.

                The canyon’s Development Agreement with the City of Dallas provides for financing through a Tax Increment Finance District
                (“TIF”) that can reimburse the developer for up to $69 million in eligible improvements and up to $59 million for interest on
                unreimbursed expenses for a total project benefit not to exceed $128 million.

                The Canyon is also part of the North Oak Cliff Municipal Management District (“NOCMMD”), which allows the district to issue
                tax-exempt bonds to reimburse the developer for eligible public infrastructure expenses.  The combination of the TIF and the



                                                                                                                                                                      UPTOWN

                                                                                                                                        DESIGN DISTRICT                           ARTS DISTRICT         BAYLOR

                                                                                                                                                            VICTORY PARK

                                                                                                                                                                                                       DEEP ELLUM
                                                                                                                                     MARGARET HUNT HILL
                                                                                                                                         BRIDGE
                                                                                                                                                                 WEST END
                                                                                                                                                              HISTORIC DISTRICT
                                                                                                                                                                                                    FARMERS
                                                                                                                                                                                 DALLAS             MARKET
                                                                                                                                                                                  CBD
                                                                                                        TRINITY GROVE




                                                                                                                                                              CONVENTION
                                                                                                                                                                CENTER
                   Create an entirely new community!                                                                                                                                         CEDARS










                                                                                                               KESSLER
                                                                                                                               METHODIST DALLAS
                                                                                                                                MEDICAL CENTER
                                                                               STEVENS PARK GOLF
                                                                                   COURSE







                    PINNACLE PARK



                                                                                                           BISHOP ARTS DISTRICT
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