Why the $1.1B Panther Island project could reshape Fort Worth

The project has economic development capabilities that promise to reshape Fort Worth.

Ultimately, the project’s timetable will be dictated by the U.S. Army Corps of Engineers. However, some portions of Panther Island will be ready for development sooner than others.

The project has economic development capabilities that promise to reshape the city.

The flood control funding was an important milestone for Panther Island. Now, the various groups involved are turning their attention to the economic development phase of the project. The entities involved in the RFP are the city of Fort Worth, Tarrant County, the Tarrant Regional Water District, Tarrant County College, the Real Estate Council of Greater Fort Worth, Downtown Fort Worth, Inc. and Streams & Valleys, according to a news release.

The Panther Island project is rooted back to a flood control effort that would re-route the Trinity River. The city's levee system, created in the 1960s after serious flooding in 1949, was not built to protect what Fort Worth has become in the ensuing decades. In designing a flood control response, city leaders also sought to create a waterfront for Fort Worth that could spur development.

Source: https://headtopics.com/us/why-the-1-1b-panther-island-project-could-reshape-fort-worth-dallas-business-journal-30738866