Government
City introduces new town manager Trophy Club’s new town manager was introduced to the community at the Town Council meeting Oct. 23. The details Council hired Brandon Wright, who is still serving as the city manager in DeSoto, on Oct. 9 and approved his contract as Trophy Club town manager. It will be e ective on the rst day of employment with the town, which shall occur on or before Dec. 11.
The Texas Motor Speedway TIF district has grown in value by 2,798.8% since inception.
COURTESY VISIT FORT WORTH
Financing districts increase in value by 3.6% Fort Worth’s Economic Development Depart- ment reported a 3.6% increase in taxable property values for the city’s 11 active Tax Increment Financing districts in scal year 2022-23. The speci cs Two TIF districts in the area are the Texas Motor
Speedway and the area called Lone Star, which generally encompasses the area along the Alliance Gateway Freeway from Alta Vista Road to I-35W. • Texas Motor Speedway was valued at just over $5 million when it was created in 1996; that value has risen to just shy of $150 million— almost a $3,000% increase. • The Lone Star TIF was created in 2004 and valued at about $16 million. That value has increased to just over $140 million, which represents a nearly 800% increase.
“I’m so glad to be here. I’m so glad to be serving the residents of Trophy Club, so glad to be working with the Town Council here. This is really a great opportunity.”
BRANDON WRIGHT, TOWN MANAGER
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