Fort Worth Approves $40 Million for Downtown Parking at Texas A&M Campus
August 11,2025
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The garage will be built beneath the university’s planned Research & Innovation Building. It will feature four above-ground parking levels for public use, with space for about 440 vehicles, plus one underground level reserved exclusively for the university. Above the parking structure, a 14-story academic tower will rise as the centerpiece of the new campus.
The funding will come from two tax increment financing districts — the Downtown district and the Lancaster Corridor district — each contributing $20 million. These districts use growth in property tax revenues to fund improvements.
City officials emphasized that the allocation will not reduce resources for other projects, pointing to steady increases in district property values.
Oversight of the design and construction will be handled by the Research & Innovation Local Government Corporation, established in 2023 to manage the campus development. The city’s $40 million commitment is the maximum it will contribute. Texas A&M will maintain and operate both the public garage and the underground university parking, as well as the new academic building.
Although the overall cost of the project has not yet been finalized, construction is expected to begin in the coming year.
Location Mentioned: Texas A&M Fort Worth