City Approves Cowboys To Build New Parking Lot For Stadium
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Arlington City Council Approves Agreement
For Parking Lot West Of New Stadium |
The Arlington (TX) City Council last night approved a preliminary agreement that would allow the Cowboys to "build a 1,500-space parking lot in a neighborhood west" of their new stadium, set to open next season, according to Susan Schrock of the FT. WORTH STAR-TELEGRAM. Arlington Deputy City Manager Trey Yelverton said that even though the team "would not pay taxes on the 25 parcels, which were previously reported as being appraised at about $4[M], it would pay the city an annual fee that is roughly comparable to what the tax revenue generated would have been." Yelverton said that the first payment would be $27,000 and would increase 5.75% per year. The Arlington city manager's office still must finalize the agreement (FT. WORTH STAR-TELEGRAM, 11/19). In Dallas, Jeff Mosier reports a Cowboys exec "bought the property around the beginning of the year and then sold it to the team." The Cowboys have been negotiating with Arlington "for months about trying to incorporate that land into the stadium project." The lot would be used "partly for charter buses and also include a shelter and drop-off lane." It also could be "used as a park-and-ride site for cars, shuttles or the trolley-style buses that serve the entertainment district" on non-game days (DALLAS MORNING NEWS, 11/19).
YOUR NAME IN LIGHTS: SPORTSBUSINESS JOURNAL’s Don Muret reports Selbert Perkins Design (SPD) has created "free-standing and light pole signs" for the 12,000 parking spaces at the Cowboys’ new stadium that contain the lot numbers and “images of the eight Cowboys players and two team officials” who are members of the Pro Football HOF. Some parking lot signs next season will contain “only a star logo rather” than a player, but SPD Principal John Lutz said that those images can be replaced if other Cowboys are inducted into the HOF. Cowboys Exec VP & COO Stephen Jones noted that brands of the Cowboys’ five founding partners -- Bank of America, Pepsi, Dr Pepper, Ford and Miller -- also will appear on parking lot signs as “part of their new stadium deals” (SPORTSBUSINESS JOURNAL, 11/17 issue).
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