An ambitious hotel and convention center project in Arlington’s evolving entertainment district is getting the go-ahead from city leaders.
The City Council voted unanimously Tuesday to move forward with incentive agreements that will put a $550 million Loews hotel and an attached 150,000-square-foot convention center in motion. The 880-room hotel would be more than twice the size of a Live! by Loews hotel that recently opened across the street.
The plan also includes a $200 million residential and office project called Stadium Lofts that Cordish Companies would build at the Texas Rangers’ former ballpark.
The city will provide an initial, one-time $11 million grant toward the Cordish project. It’ll also issue $49.6 million in bonds to build an attached 1,900-space parking facility that’ll be city-owned, according to council documents. The hotel developer will be eligible for tax rebates for the next 30 years.
The public-private partnership totals $810 million in investment. That builds on an entertainment district now anchored by a $250 million Texas Live! complex and $150 million Live by Loews! hotel. Texas Live! includes a multilevel sports bar, restaurants and a 5,000-seat concert venue.
See the full Dallas News article
By Dom DiFurio
8:56 PM on Dec 17, 2019
