· Context
City unveils a $319 million Civic Center redevelopment proposal
The City presented a $319 million proposal including Civic Center renovations, a new arena, relocation of City Hall, a central park, Santa Fe Depot renovation and a parking structure, with public forums scheduled for September 2019 and a bond election anticipated for May 2020.[1]
What the sources say
- Unverified
Texas Scorecard: Texas Scorecard reported that the City's $319 million proposal called for $279 million in new taxpayer-supported debt, a roughly $155 million 10,000-seat arena, and an estimated tax increase of $150 per year on a $100,000 home.[1]
- Project
- $319,000,000
- Proposed debt
- $279,000,000
- Arena
- $155,000,000