City's Permitting Work Continues on Texas Live!, Hotel Projects
Since June 2018, the City of Arlington processed
approximately 50 additional permits related to the successful
opening of Texas Live! as well as construction of the nearby
Live! by Loews Hotel.
Over the past three months, the City has reviewed and
approved:
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15 additional sign permits, with more anticipated to
come.
The required irrigation permit for Texas Live!
landscaping
The required Certificate of Occupancy permits for
Texas Live!
Multiple fire permits
Platting for the Texas Live! and Live! by Loews site,
which is expected to be an ongoing process for the
next few years.
One of the permits most recently submitted to the City
for review is a swimming pool permit for the 14-story
CITY
HAS is PAID
hotel, which
set to OUT
open $178.6
next year. MILLION
The pool is IN
approximately CONSTRUCTION
4,300 square feet and COSTS
has the capacity
BALLPARK
TO DATE
of 80,000 gallons. The accompanying fountain is
approximately 800 square feet.
“At this time, the primary focus for the project is
the completion of the Live! by Loews hotel without
negatively affecting the progress of the new stadium
construction,” said Jennifer Pruitt, Development
Services Planning Manager. “We also are very cognizant
of keeping the positive energy, momentum and
synergy that is expected from the daily operations of
Texas Live!, which is vital to the success of our newest
entertainment venue.”
City Has Invested $178.6 Million in Ballpark Construction Costs to Date
So far, the City of Arlington has invested more than one-
third of the voter-approved $500 million public contribution
toward Globe Life Field.
Earlier this year, the City successfully sold $465.4 million
in bonds to fully fund the public contribution to the Texas
Rangers’ $1.2 billion climate-controlled ballpark. Between
March 21 and August 21, the City has made seven payments
totaling $178.5 million to the Rangers for construction costs.
The stadium opens in March 2020.
The City’s bonds will be repaid with revenue generated by
three existing venue taxes – a half-cent sales tax, a 2 percent
hotel occupancy tax and a 5 percent vehicle rental tax,
along with the $2 million a year in rent for the ballpark
that will be paid by the Texas Rangers beginning in
2020. These venue taxes are also being used to pay
down the City’s remaining debt on AT&T Stadium, home
of the Cowboys.
Arlington’s contribution to the ballpark project is fully
funded at $500 million, as the City received a premium
for the tax-exempt bonds.
Payment certificates toward the ballpark’s public
contribution are posted on the City of Arlington’s
Ballpark Project webpage under the Ballpark
Documents section.
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