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 date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
- Field
- Construction
construction contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
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
Where it was heard
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