Fort Worth approves new development for Stockyards

The Fort Worth City Council approved incentives this week for another phase of development in the historic Stockyards district.

Why it matters: The Stockyards, once home to one of the largest livestock markets in the U.S., are intertwined with Fort Worth’s identity. The district continues to hold the world’s only twice-a-day cattle drive.

The new development aims to strike a balance between adding amenities and maintaining the district’s old-timey feel.

Flashback: The first phase of the Fort Worth Heritage Project, approved a decade ago, focused on redeveloping Mule Alley and opening Hotel Drover in the Stockyards. Fort Worth officials say the additions increased the area’s property value and have generated new sales tax revenue.

Visitors to the Stockyards have tripled, from 3 million to 9 million annually, over the past decade.

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Source: AXIOS

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