Fort Worth buys land for $450M arena at Will Rogers Memorial CenterFort Worth buys land for $450M arena at Will Rogers Memorial Centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=128392016-04-14T05:00:00Z2016-04-14T19:00:00Z

​​FORT WORTH - The City Council voted to spend $7 million to buy the remaining land on Montgomery St. needed for the planned $450 million arena project at the Will Rogers Memorial Center.

The city will buy 2.567 acres from Bodycote, a U.K. thermal processing services company. 

It is the second tract the city is buying from the company. 

In December, Fort Worth officials paid $692,500 to buy 0.263 acre at Bryce Ave. and Montgomery St.

The new arena and parking garage will sit on 22.3 acres.

The city’s involvement in the arena project is capped at $225 million, mostly coming from special use taxes.

The remaining $225 million is being paid by Event Facilities Fort Worth, a nonprofit group created in 2000 that supports the Fort Worth Stock Show and Rodeo at Will Rogers.

Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
Public Facilities
http://www.star-telegram.com/news/local/community/fort-worth/article71471222.htmlSource: {Source}

 Search NewsTalk Texas