24-1385
Authorize a fifteen-year resident use and incentive agreement for the Dallas Memorial Auditorium (“Arena” and “primary facility”) and ancillary meeting rooms (“secondary facility”) with three five-year renewal options with a professional sports team, for a minimum of 70 days per year for the primary facility and 365-days per year for organizational needs including but not limited to office and training space for the secondary facility with a $19,000,000.00 incentive payable over three fiscal years and offsetting revenues as detailed in the Fiscal Information section - Not to exceed $19,000,000.00 over three years - Financing: Convention Center Construction Fund (subject to annual appropriations); Estimated Revenue: Convention Center Operating Fund $23,250,000.00 over 15 years
What this record is
- Amount
- $19.0M
- Runs until
- April 17, 2029 3 years away calculated from the contract term stated in the record
- Type
- amendment
- Field
- Construction
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Department of Convention and Event Services
- Requested by
- Department of Convention and Event Services (CCT)
- Introduced
- April 17, 2024
- On agenda
- April 24, 2024
- Enactment no.
- 24-0616; APPROVED AS AMENDED