Apr 18, 2017
Cowtown ropes $450M arena
FORT WORTH – Construction is slated to get underway on a new $450 million arena—called the Fort Worth Multipurpose Arena—next to the Will Rogers Memorial Center in the city's Cultural...
FORT WORTH – Construction is slated to get underway on a new $450 million arena—called the Fort Worth Multipurpose Arena—next to the Will Rogers Memorial Center in the city’s Cultural District.
The work is slated to get underway April 18 at Harley Ave. and Gendy St. with an official groundbreaking ceremony, which is open to the public.
The public-private partnership with ties to Fort Worth billionaire Ed Bass will fund the 14,000-seat arena development, which, upon completion, will host the Fort Worth Stock Show Rodeo performances.
Bass, who has financially supported other Fort Worth projects, planned on putting $225 million in private money into the project, with the remainder coming from taxes on those using the facility and a parking tax upon its opening.The City of Fort Worth, Tarrant County, the State of Texas and several foundations, individuals and organizations helped compile the public-private partnership.
Upon completion of the project, the arena will be owned by the City of Fort Worth and managed by not-for-profit operating entity, Multipurpose Arena Fort Worth.
The Fort Worth Multipurpose Arena, which is expected to host sporting events, concerts and the Fort Worth Stock Show Rodeo, is slated to open November 2019.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.