The latest financial breakdown to replace the Kay Bailey Hutchison Convention Center released by the city Friday includes a $2.8 billion estimate to build the...
The redevelopment could provide better amenities for residents and visitors, and increase tourism revenue, according to city officials.
The city plans to use other funds for almost $498 million in expected future spending, such as $4 million to redesign the Pioneer Cemetery and $386 million for renovations of the Memorial Auditorium and The Black Academy of Arts and Letters, which are both attached to the convention center but will remain where they are when the rest of the building is demolished.
He said they conducted focus groups involving members of industry groups showing them initial plans of the new convention center, and they’re more excited about the prospect of redevelopment that could happen around the building, like more restaurants, hotels and other activities.
Dallas is planning to use two funding methods to pay for the convention center and related projects, expected to bring in almost $4 billion over 30 years.
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