State Infrastructure Bank Loan Agreement (25-1694A)
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Approve a resolution to allow for Authorize the submission, negotiation, and execution of a State Infrastructure Bank Loan Agreement of an application to the Texas Department of Transportation for a loan and repayable reimbursement grant in the amount of $90,000,000.00 consisting of a $47,000,000.00 loan; and one reimbursement request in an amount of $43,000,000.00 repayable reimbursement, to fund transit-oriented related costs for the Kay Bailey Hutchison Convention Center Dallas Master Plan, and all other required documentation to effectuate the city’s intent to borrow such funds - Not to exceed $47,000,000.00 - Financing: No cost consideration to the City Venue Project Fund; Estimated Revenue: $43,0000,000.00
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Contact Beck Azteca to get on the Memorial Auditorium subcontractor list at the convention center
Context: Dallas City Council approved a pre-construction and construction management agreement with Beck Azteca tied to a $200M Memorial Auditorium budget on May 28, 2025, making them the prime gatekeeper for all downstream trade and specialty contractor opportunities on this project.
Recommended: Reach out to Beck Azteca, the approved construction manager for the $200M Memorial Auditorium renovation at Kay Bailey Hutchison Convention Center, to register for subcontractor bid packages as pre-construction work advances.
Request State Infrastructure Bank loan application and approval status for Kay Bailey Hutchison Convention Center
Context: Council pulled this item (#12) from the consent agenda and approved it individually on May 28, 2025, authorizing submission of a $90M SIB financing application for the Kay Bailey Hutchison Convention Center Master Plan — but no public record confirms the application was filed or acted on.
Recommended: File a public records request with the City of Dallas and the Texas Transportation Commission for the full $90M State Infrastructure Bank loan application authorized on May 28, 2025, and any correspondence showing whether it was submitted and what decision the commission has reached.
Watch for City of Dallas construction notices about Jefferson Boulevard Viaduct demolition near downtown
Context: Council approved a $3.4M contract with Gresham Smith for Jefferson Boulevard Viaduct demolition engineering on May 28, 2025 — the design phase that immediately precedes physical demolition of this downtown Dallas structure.
Recommended: The engineering phase for demolishing the Jefferson Boulevard Viaduct was authorized in May 2025; once demolition begins, residents and commuters in the Jefferson Boulevard corridor near the convention center should expect lane closures, detours, and noise disruption.
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Approve a resolution to allow for Authorize the submission, negotiation, and execution of a State Infrastructure Bank Loan Agreement of an application to the Texas Department of Transportation for a loan and repayable reimbursement grant in the amount of $90,000,000.00 consisting of a $47,000,000.00 loan; and one reimbursement request in an amount of $43,000,000.00 repayable reimbursement, to fund transit-oriented related costs for the Kay Bailey Hutchison Convention Center Dallas Master Plan, and all other required documentation to effectuate the city’s intent to borrow such funds - Not to exceed $47,000,000.00 - Financing: No cost consideration to the City Venue Project Fund; Estimated Revenue: $43,0000,000.00