Old Town Incentives

The City of Lewisville is positioned to aggressively participate in both public and private projects that will bring new value into the Old Town area. This participation may be in the form of land acquisition, financing, fast-track permitting, tax relief, infrastructure assistance or other forms of public/private partnerships. Projects that are being sought are single family development/redevelopment, multi-family projects, office uses, retail establishments and mixed-use residential/commercial projects.

Incentive consideration for projects in Old Town Lewisville will be based upon several factors including but not limited to location, type of project, economic impact of the project to Old Town specifically, Lewisville as a whole, and/or architectural style of the project.

Old Town Center District

Retail Incentive

Retail or Restaurant establishments constructing a new facility or making interior improvements to an existing building may qualify for a reimbursement of costs associated with finish out. Click on the link below for further details.

Retail Incentive Information

Those projects that are within the boundaries of the Lewisville Tax Increment Reinvestment Zone, Number One, or modifications thereto may qualify for the following incentives. It is the intent of this incentive area to provide additional options to retail, restaurant, office and higher-density residential projects that are enhancing the aesthetic appearance of properties to a character that is harmonious with Old Town Lewisville.

Aesthetic Incentive
Projects that are will construct a new facility or make exterior façade improvements to an existing facility for which the architectural design and construction of the materials and colors of the facility and signage are visually harmonious with the overall appearance, history and cultural heritage of the Downtown Investment Area may be considered for an Aesthetic Incentive. Such Incentives may only be used for exterior improvements on properties which promote and enhance the Old Town character and comply with signage and architectural standards, or a valid waiver thereof. Projects that are approved to receive an Aesthetic Incentive may be required to enter into an Architectural Façade Easement with the City of Lewisville.

Construction Materials Sales Tax Rebate Incentive
Projects that will construct a new facility or make exterior façade improvements to an existing facility for which the architectural design and construction of the materials and colors of the facility and signage are visually harmonious with the overall appearance, history and cultural heritage of the TIRZ #1 may be considered for a rebate of Sales Taxes. Sales Tax rebates will only be considered for the City of Lewisville portion of sales taxes reported and paid in the City of Lewisville on construction materials or supplies directly related to the approved project.

Retail & Restaurant Establishments Incentive
Retail & Restaurant Establishments that will construct a new facility or make exterior façade improvements to an existing facility for which the architectural design and construction of the materials and colors of the facility and signage are visually harmonious with the overall appearance, history and cultural heritage of the TIRZ #1 may be considered for a rebate of Sales and Use Taxes and/or Alcoholic Beverage Sales and Use Taxes. Sales Tax rebates will only be considered for the City of Lewisville portion of sales taxes reported and paid in the City of Lewisville. Incentive will be a maximum of one-hundred percent (100%) for three (3) years.

Beautification Program
To provide a program that encourages the construction, protection or restoration of public features that provides a unique atmosphere and amenity to both pedestrians and motorists within the Lewisville Tax Increment Reinvestment Zone, Number 1. Such features should improve the visual appearance of the Old Town area, which is critical both to the success of individual businesses and to the economic health and vitality of the district and City as a whole.

Eligible Improvements. Funds shall be used for the enhancement of exterior beautification elements. Interior renovation and restoration elements of the project are not eligible for funding under this program.
Some of the eligible improvements are: