FY 2009 Popular Annual Financial Report FY 2009 Popular Annual Financial Report | Page 11
Excellence in Economic Development
Come On In … New Cowboys Stadium
Opens for Business
Scoring Big in Development
the way for the construction of a new $12 million medical office
Cowboys Stadium opened this year as the world’s largest,
The Arlington City Council approved a resolution that paves
most technologically-advanced entertainment venue in the world.
complex in south Arlington. Texas Clinic at Arlington will locate at
It was August 2004 when the Arlington City Council unanimously
400 W. Arbrook Blvd. in south Arlington and create approximately
voted to place a $325 million stadium construction bond issue
200 new jobs. The project is being executed as part of the Chapter
before Arlington voters. More than 55 percent of voters approved
380 Economic Development Program, which provides annual
the proposition that would pave the way for land acquisition and
performance-based grants over a five-year period. Phase I of the
medical office complex is scheduled to open in late 2010.
construction.
Bonds are now
being repaid
A Focus on Jobs and the Economy
through a sales
In 2009, Arlington city leaders joined residents, Chamber
tax increase,
of Commerce officials, nonprofit service organizations and
a $3 parking
representatives of educational institutions to talk jobs and
tax, two-percent
economic growth at a community forum hosted in December
hotel occupancy
by Mayor Robert Cluck. Participants discussed what’s
tax increase,
working well in the local economy, what’s not working well
five-percent car rental tax
and ten-percent tax on
tickets to stadium events.
Since its opening in
2009, the Stadium has
hosted 10 NFL games,
five college football
games and more than 10
special events, including
Gold Cup Soccer, a
NBA All-Star Game and
National Bull-Riding
Championship. Arlington
Cowboys Stadium $1B
With the opening of this $1.1 billion
venue in 2009, the City of Arlington
celebrated the success of an
economic development program that
met a goal of increasing minority and
women-owned business participation
in the construction of the Cowboys
Stadium. The Fair Share Committee
was appointed by the City Council in
2004. According to the final report
to ѡ