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The Fort Worth City Council unanimously approved incentives to develop the second phase of the Fort Worth Heritage project at its meeting on Tuesday, June 25.

Phase II is a $630 million overall expenditure that will develop the area between East Exchange Avenue, Stockyards Boulevard, and Packers Street. This area is north of the main body of the Stockyards.

"Phase II of the Fort Worth Stockyards development promises to deliver substantial long-term value and improvements to Fort Worth's only historical entertainment district. Furthermore, this project is projected to bring over $425 million in net new taxes to our city, significantly bolstering our commercial tax base,” said Fort Worth Mayor Mattie Parker in a statement.