FORT WORTH (CelebrityAccess) — The Fort Worth City Council voted to unanimously approve plans for a new 14,000-seat multipurpose arena and sports facility that will replace the current domed arena of the Fort Worth Convention Center.
According to the Star-Telegram, the proposed facility would include a 50,000-square-foot ballroom installed with retractable seating; almost 100,000 feet of exhibition space and 46,480 square feet of space for 25 more meeting rooms. The price of the proposed venue was not disclosed.
If plans proceed apace, the new arena will be located at the corner of Harley Avenue and Gendy Street near the Will Rogers Memorial Center, the Star-Telegram reported.
Funding for the project would come from both public and private sources, with the public portion partially funded by a tax on tickets sold for events at the new arena. A tax on parking on hotels in the area would further serve to offset the cost to taxpayers. Earlier this month, Fort Worth's mayor Betsy Price revealed that the city was facing a deficit of 50 million for fiscal year 2014.
While the city council has approved the project, it still requires approval by referendum from the good citizens of Fort Worth. – Staff Writers