Fort Worth cashes in on Casino BeachFort Worth cashes in on Casino Beachhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=79002013-03-21T12:35:00Z2013-03-21T00:00:00Z

FORT WORTH - The developers of Casino Beach will annually pay the City of Fort Worth 10 percent of gross receipts or $2,744 per city-owned acre of the recreational development soon to begin construction on the north shore of Lake Worth.

The deal is with Patterson Equity Partners Ltd. of Arlington who plans a 12.5-acre beachfront recreation area with playgrounds, beaches, boat slips and other recreation facilities.

The property is located just south of Jacksboro Highway and bounded by North Surfside Drive to the west and Lake Worth to the south. Most of it stands vacant, with a portion serving as public park area.

Patterson Equity Partners Ltd. of Arlington, associated with Casino Beach Properties, plan to revitalize the city-owned property featuring 10,000 sf of retail, a 20,000-sf event center, an amphitheater, restaurants, a movie theater, a marina and a boardwalk.

Read more at the Fort Worth Business Press.

Fort Worth Business Press
Dallas-Fort Worth-Arlington
http://fwbusinesspress.com/main.aspRead more at {Source}

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