FY 2010 Popular Annual Financial Report FY 2010 Popular Annual Financial Report | Page 13

Economic Development
Generating More Business Opportunities

approved sale of

Retaining and expanding business translates into more tax

Following the

revenue and a healthier economy.

the Texas Rangers

Creating a more vibrant downtown is another economic

to a group led by

development strategy that contributes greatly to the success of UT

Chuck Greenberg

Arlington and quality of life in the city.

and Hall of Fame

pitcher Nolan

In FY

2010, College

Ryan in FY 2010,

Town, UTA

the Rangers

emerged

clinched the American League West Division Title, their first divisional

with a vision

title in 11 years. A World Series Championship is not far away.
A new $12 million medical clinic opened in FY 2010 as the second

to align a
revitalized
downtown with performing arts, historic neighborhoods, libraries,

largest medical office building in south Arlington. This three-story,
110,000-square-foot medical complex is located at the southeast
corner of Arbrook

parks, research, tourism, and mixed use retail/residential

Boulevard and Matlock

development.

Road, just north of the

In an area bound by Cooper, Collins, North and Second

Arlington Highlands. It

Streets, the City Council unanimously approved the creation

has created nearly 200

of a Downtown Business Improvement District in FY 2010.

new jobs. The project

The BID is designed to help fund capital improvements
and operations of the Downtown Arlington Management Corporation,
which is credited with such developments as Babe’s Chicken Dinner
House, the Levitt Pavilion, Founders Plaza and Fuzzy’s Tacos.

was executed as part of a
Chapter 380 Economic Development Program, which provides annual
performance-based grants over a five-year period. This program,
approved by Arlington City Council as an economic incentive for
development, is designed to help stimulate business and commercial
activity and create more employment opportunities.

General Motors continues to be one of the world’s largest

automakers. The GM Assembly Plant in Arlington remains a vital part
of the local economy. On 250 acres in east Arlington, the assembly
plant employs 2,400 people and produces nearly 1,140 vehicles a day.
In 2010, GM Arlington products won J.D. Power Initial Quality Survey
Awards with its Chevrolet Tahoe, Suburban and Yukon.

13

“Meeting the Challenge”