Dallas Mayor Mike Rawlings announced Thursday that the City of Dallas parks department would get a $30 million boost to develop four priority parks in downtown Dallas: Pacific Plaza, Carpenter Plaza, West End Plaza and Harwood Park.
If developed, these parks could add incremental value to neighboring real estate and development surrounding the green spaces.
In the past three years, Dallas has focused on developing new green spaces in the city’s urban core, creating Klyde Warren Park, Main Street Garden Park and Belo Garden Park.
Each of those parks have spurred private investment into downtown Dallas, such as Ross Perot Jr. acquiring property near Klyde Warren Park and the University of North Texas System redeveloping the face of its Main Street building with windows to face Main Street Garden Park.
The Belo Foundation, which renamed itself Parks for Downtown Dallas, gave the $30 million in funding to the City of Dallas to build the four parks.