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Prudential Texas Properties reports that the community of Fort Worth just keeps getting better for home owners as the city prepares to construct a new arena to host sports and cultural events.
Dallas, TX (PRWEB) August 20, 2014
At the very heart of Fort Worth is the citys deep-rooted commitment to the vibrant cultural community that has been fostered by the areas unique and inspiring home owners. Fort Worth city officials wish to make this sentiment felt even deeper by expanding the arts district for even more activity. Prudential Texas Properties reports that a committee headed by Fort Worth billionaire and patron of the arts Ed Bass is working to build a huge new facility to host cultural and sports events in the heart of the Cultural District.
An August 7 report in the Dallas Business Journal indicates that a nonprofit group has been formed by Bass and fellow Fort Worth culture enthusiasts to initiate proceedings that will bring a massive arena to the Cultural District. Plans for the project include tearing down the aged arena that still stands in the Fort Worth Convention Center downtown, and erecting a 14,000-seat multipurpose arena at the Will Rogers Memorial Complex.
The arena would be constructed at the southeast corner of Harley Avenue and Gendy Street on the south side of the memorial.
The project has been initially estimated to cost a whopping $450 million. However, Bass nonprofit group Event Facilities Fort Worth, has stepped in as the financial backer for the project, making the citys and local home owners monetary contribution to the project minimal if anything.
This is an exciting project that could really brighten up the lives of Fort Worth home owners, says DD Flynn VP of Marketing at Prudential Texas Properties. The Cultural District is such a vibrant place, and bringing in a project like this one is an extremely exciting prospect for the area and its residents. I cant wait to see what happens there next.
Click here for a 60-second Fort Worth home market update.
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