The 5,200 acres, which includes the Veale Ranch project along with several other parcels, could span industrial, commercial, mixed-use, institutional and residential uses.
PMB Capital Investments and the City of Fort Worth are in negotiations about how and when development will unfold across thousands of acres that include the Veale Ranch project.
“We want to do this in a quality way that’s lasting and thoughtfully planned from a master-planning standpoint,” said Taylor Baird, partner at PMB Capital Investments. “The development of Veale will be significant for the local area.” City management is expected to recommend that the city provide economic incentives for eligible industrial and commercial development opportunities within the project, according to the document. Available TIF revenue may be used for those incentives.
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