Page 61 - ArlingtonFY24AdoptedBudget

Business Plan

Invest in Our Economy

Goal 1: Enhance Economic Impact Through Development and Redevelopment Efforts,
Partnerships, and Investment Opportunities
Objective 2: Build a Strong and Diverse Business Community
Project Performance Measure(s) Department(s)
IOE Economic Development • Recruitment Leads Economic Development
1.2.4 Projects • Leads to Prospects
Summary:
Urban Union
To build and sustain Arlington’s tax base, Economic (Phase 3) Date
Development staff will remain focused on developing Building Permit Issued May 2018
Arlington’s remaining greenfield sites with the highest and Certificate of Occupancy Issued Sept. 2019
best uses. Additionally, redevelopment efforts will Urban Front
continue within the Entertainment District, Great (Phase 4) Date
Southwest Industrial Park, and Downtown and Lamar- Agreement Drafted Mar. 2020
Collins areas, among other areas identified as suitable for Agreement Approved by TIRZ June 2020
redevelopment. Per the Economic Development Strategy, Board.
redevelopment projects will be supported and prioritized Agreement Approved by Council June 2020
when considered as transformational and having high First Amendment to Purchase Sept. 2020
community impact, both being primary economic Option Agreement
development goals for the City. These projects must be Building Permit Pending
game changers, introducing new product into an unproven
area, can stimulate future change, and must be a desired Columbia Medical Center of
use. Arlington (MCA) Project Date
Building Permit Issued (Phase I) May 2016
Urban Union Certificate of Occupancy Issued June 2019
Type: Redevelopment of buildings near the intersections of (Phase I)
Division St., East St., and Front St in Downtown Arlington
Capital Investment: $20 million Building permit Issued (Phase II) July 2016
Size: 60,000 sq. ft. Fire Permit Dec. 2020
Deal: Located in Tax Increment Reinvestment Zone #1, the Fire Permits Issued Feb. 2021
project will receive TIRZ #1 funding to assist in the public Phase II Project Complete (CO Pending
improvement costs associated with the development. Issued)

Columbia Medical Center of Arlington Subsidiary, LP General Motors Date
(MCA) (Healthcare/Medical) Building Permit Issued June 2013
Type: Medical Hospital Certificate of Occupancy Issued Oct. 2019
Capital Investment: $90 million Sewer Line Design Complete Pending
Size: 20,000 sq. ft. expansion Conveyor Line TBA
Employees: 50
Deal: The City provided a real property tax abatement to Medal of Honor Museum Date
offset some of MCA’s construction costs. Architecture Firm Selected Jan. 2020
Board of Directors Selected Jan. 2020
General Motors (Assembly) Lease Agreement Jan. 2021
Type: Assembly Plant Renovation and Expansion Zoning Approved Pending
Capital Investment: $1.4 billion Building Permit Issued Pending
Size: 1,200,000 sq. ft. expansion Certificate of Occupancy Issued Pending
Employees: 4,000+ retained
Deal: To assist GM, the City offered an incentive package
including tax abatements to real and business personal
property and fee waivers.

FY 2024 Adopted Budget and Business Plan 52 City of Arlington, Texas