# Dallas Tower Faces Sept 30 $103M Deadline

> Dallas' tallest tower must be acquired by Sept 30 to secure $103M city incentive for its $409M redevelopment.
- Title: Dallas Tower Faces Sept 30 $103M Deadline · Dallas Express
- Summary: Dallas' tallest tower must be acquired by Sept 30 to secure $103M city incentive for its $409M redevelopment. Developers need to buy Bank of America Plaza by…
- Keywords: dallas, bank of america plaza, 901 main st, downtown connection tif, redevelopment, hotel, parking, retail, office space, september 30, city incentive, mixed use
- Source: Dallas Express — https://dallasexpress.com/city/dallas-tallest-tower-faces-sept-30-deadline-tied-to-103m-city-incentive
- Author: Dallas Express
- Published: 2026-09-28T12:00:02+00:00
- Read time: 1 min
- Topics: dallas, bank of america plaza, 901 main st, downtown connection tif, redevelopment, hotel, parking, retail, office space, september 30, city incentive, mixed use
## Deadline for Bank of America Plaza
Developers must acquire Bank of America Plaza by September 30, 2026, to secure a $103 million city incentive for the redevelopment.
## Project Cost and Timeline
The redevelopment project costs $409.1 million and requires the developer to complete the acquisition by September 30, 2026.
## City Incentive Details
The City of Dallas approved a $103 million tax increment financing agreement in October 2025 for the redevelopment.
## Redevelopment Plan
The project includes a 280-room hotel, eight-level parking with 1,115 spaces, and retail improvements at street level.
## Bank of America Plaza
Bank of America Plaza, built between 1983 and 1985, is Dallas' tallest building at 72 stories with 1.85 million square feet.
## Project Background
The redevelopment aims to reduce office space from 1.8 million to 1.5 million square feet while adding hotel and retail amenities.
## Previous Reports
The Dallas Express reported the project was initially valued at $350 million in 2024, later increased to $409 million in city materials.
## City's Perspective
Dallas officials note reduced office demand post-pandemic, prompting adaptive reuse projects for older downtown buildings.
## Key takeaway

Developers need to buy Bank of America Plaza by Sept 30 to keep the $103M city incentive for the tower's transformation.