Page 559 - Fort Worth City Budget 2019

City Profile

Pharmacy. Additional improvements to the building include façade and streetscape improvements, ground-floor
retail, one floor of meeting and banquet space that connects to the hotel by sky bridge, a spa, and potentially office
remodeling, conversion of some empty space to house data centers, and conversion of more space for hotel services.

Catalyst Urban Development plans to construct a 240-unit apartment project near Lancaster Avenue and Cherry St.,
to be known as the Burnett Lofts. The project, anticipated to involve at least $34 million in investment will also
feature 6,000 SF of retail.

Niles City Resorts recently announced plans to invest $21 million for the construction of a minimum 140-room 4-star
hotel in the Fort Worth Stockyards. Located on the historic site of the former Armour packing plant, the project will
be known as the Armour Hotel.

The City of Fort Worth recently completed the preparation of an economic development strategic plan that is
designed to guide city economic development priorities for the coming five years and beyond. The plan delivered
key insights into the competitiveness of Fort Worth compared to other regions across the United States and abroad
and provided focused recommendations on industry targets and tactical measures aimed at increasing the economic
vitality and industrial strength of Fort Worth and the surrounding region.

MISCELLANEOUS
Water, sewer and solid waste services are furnished by the City of Fort Worth and natural gas service is provided by
Atmos Energy. Electricity, telephone and other service utilities are provided by various providers.

The Fort Worth Public Library system consists of a Central Library, 12 branch libraries, one job education center and
two satellite libraries that are located in public housing developments. Additionally, the city has inter-local
agreements with six of the surrounding suburban communities to share library resources and services. The Central
Library, open 52 hours and seven days a week, is the flagship of the system. Branches operate 40 hours each week,
including Saturdays.

Construction has begun on the Golden Triangle Library which is scheduled for completion in the fall of 2018 and an
architectural firm has been selected for the Eastside Library which is scheduled for completion in the fall of 2019.
Both libraries are funded by the 2014 bond program.

More than 400 churches with 45 denominations and synagogues in Fort Worth contribute vitally to the lives of city
residents. The city is also world-famous for its many museums. The Fort Worth Convention Center offers exhibit and
meeting space of over 185,000 square feet, including a 14,000 seat arena. Will Rogers Memorial Center is located
in the heart of Fort Worth’s Cultural District and includes Will Rogers Coliseum Auditorium, the new Multi-Purpose
Equestrian Center and Amon G. Carter Jr. Exhibits Building.

The Nancy Lee and Perry R. Bass Performance Hall, now recognized as one of the best performance halls in the world,
is a state-of-the-art $70 million performing arts hall funded entirely from private donations.

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