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Arlington voting on maintenance funds for AT&T Stadium
The City of Arlington could vote to extend the least of AT&T Stadium, as well as provide funds for the Cowboys' home field, in a city council vote tonight. FOX 4's Lori Brown has more.
ARLINGTON, Texas - The Arlington City Council will meet tonight to discuss and vote on the future of the city's partnership with the Dallas Cowboys.
ARLINGTON, TEXAS, DECEMBER 20: A general overall aerial view of AT&T Stadium on December 20, 2022 in Arlington, Texas. The stadium is the home of the Dallas Cowboys. (Photo by Kirby Lee/Getty Images)
Future of AT&T Stadium
What we know:
One of the discussion points during tonight's Arlington City Council meeting will be the proposed Master Agreement.
If approved, the Dallas Cowboys would extend their lease agreement with the city for AT&T Stadium for another 15 years through 2055. The current lease agreement is set to end in 2040.
The Master Agreement would see the Cowboys committing a minimum of $750 million and the City of Arlington committing up to $273 million towards the maintenance, operation and improvement of the stadium,
Money from the city would come from pre-existing voter-approved venue taxes, and not from the city's General Fund or new taxes.
Proposed improvements to the stadium would be completed by 2043 per the terms of the agreement. The Cowboys would still be responsible for the operation of the stadium and designing potential improvements to the structure.
Other items on the meeting's agenda include road improvements and the Arlington Police Department 2025 annual report presentation.
Dig deeper:
This would be the third time the City of Arlington used voter-approved venue taxes to help fund a sports team's stadium.
In 2004, voters approved venue taxes to help build the Cowboys Complext Development Project, which led to the construction of AT&T Stadium.
In 2016, the venue taxes helped fund the construction of Globe Life Field and its surrounding entertainment district.
What they're saying:
The City of Arlington hired a consulting firm to study the economic impact of the Dallas Cowboys. Results from the study found that the team generates $324 million each year for the City of Arlington.
The Source: Information in this story comes from the Arlington City Council and the City of Arlington.