Milestone revealed for Community Park at Fair Park

The City of Dallas has announced significant progress on the Community Park at Fair Park, a project that will bring approximately 10.5 acres of new green space, recreational amenities, and community-focused programming to South Dallas.

According to a release, Dallas City Council authorized a tax increment financing (TIF) development agreement with the nonprofit Fair Park First. The TIF development agreement will provide up to $3 million in gap funding from the Deep Ellum TIF District to support the planned Community Park at Fair Park. The funding will help the project commence construction without additional delay, prevent cost escalation associated with delaying construction, maintain alignment with project timelines and stakeholder commitments, and leverage existing public and private investment.

Pursuant to the Fair Park Development and Fundraising Agreement between Fair Park First and the City of Dallas Park and Recreation Department that was authorized by City Council on February 25, 2026 and executed on April 23, 2026, the TIF district funding will be disbursed to the Dallas Foundation which is acting as the financial steward on behalf of Fair Park First. This arrangement reinforces transparent financial management and long-term accountability while safeguarding the public’s contribution to the project.

City Council Member Adam Bazaldua, who represents Council District 7, shared his enthusiasm for the vote.

“The Community Park at Fair Park is more than a capital project — it’s a commitment that delivers on a promise to the families and neighborhoods that have waited far too long for this meaningful investment," Bazaldua said. "This park will create new opportunities, strengthen community pride, and build a healthier future for South Dallas.”

The estimated total project cost is $40.6 million. Fair Park First has already raised approximately $33.1 million to fund the design, development, and construction of the Community Park. The funds raised include investments from a cross-section of federal, state, and philanthropic partners.

“The Deep Ellum TIF District funding helps close a critical gap in the Community Park budget, ensuring we can deliver long-promised green space, connectivity, and amenities for the families who live, work, and play in this historic area,” said Dallas City Manager Kimberly Bizor Tolbert. “This is a powerful example of how Dallas can leverage innovative financing tools and strong public–private partnerships to reinvest in our neighborhoods, honor our commitments, and build a more vibrant city for everyone.”

The Community Park at Fair Park is the signature project of the Fair Park Master Plan. It will serve as a civic anchor with shaded gathering spaces, playgrounds, walking trails, a market grove, fitness hub, native landscaping, community pavilion, and stage.

Construction on the Community Park at Fair Park is anticipated to begin later this year. Completion is slated for December 2028.