City of Arlington
A planned $810 million expansion of the Entertainment District in Arlington was approved by council members Tuesday, involving both public and private partners.
Wheels are turning for a planned $810 million expansion of the Entertainment District in Arlington, which was approved by the Arlington City Council Tuesday night.
The city, in a move “to build on its economic momentum,” has progressed into a public-private partnership over a 30-year period, the city announced Wednesday. The partnerships involves the City of Arlington, the Texas Rangers, Loews Hotels & Co and The Cordish Companies.
Components of the expansion, according to the city, include:
- A $550 million, 888-room Loews Arlington Hotel with 1,500 parking spaces. The hotel would be connected to a new Arlington Convention Center, which will offer 216,000 square feet of meeting and outdoor function space
- A mixed-use residential building with 280 units and 100,000 square feet of retail, entertainment and Spark co-working and incubator space, which will help grow and support small businesses
- A planned 200,000-square-foot corporate office headquarters in the Arlington Entertainment District
- An additional public garage with 1,900 parking spaces
Arlington hopes to boost convention and tourism opportunities with the move, and create new revenue, housing and jobs for the community.
“This project and the recent National Medal of Honor Museum will add significantly to the city’s sales tax revenue, allow us to continue to keep our taxes among the lowest in the area and provide the quality services our residents have come to expect with minimal public investment,” said Arlington Mayor Jeff Williams in the news release.
The expansion comprises a greater $4 billion vision by the public-private partnership, which began with the $250 million Texas Live! That opened in August 2018, and Live! by Loews Hotel which opened in August 2019.
The total investment of new development by the partnership, which includes the Rangers’ new Globe Life Field, totals over $2.25 billion, and is expected to generate about $1.8 billion in economic benefits to Arlington and Tarrant County.
