Page 419 - FY 2025 Adopted Operating Budget and Business Plan

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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 remains 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
Second Amendment Feb. 2023
game changers, introducing new product into an unproven
Third Amendment June 2024
area, can stimulate future change, and must be a desired
use.
Columbia Medical Center of Date
Arlington (MCA) Project
Urban Union
Building Permit Issued (Phase I) May 2016
Type: Redevelopment of buildings near the intersections of
Certificate of Occupancy Issued June 2019
Division St., East St., and Front St in Downtown Arlington
(Phase I)
Capital Investment: $20 million
Size: 60,000 sq. ft. Building permit Issued (Phase II) July 2016
Deal: Located in Tax Increment Reinvestment Zone #1, the Fire Permit Dec. 2020
Fire Permits Issued Feb. 2021
project will receive TIRZ #1 funding to assist in the public
improvement costs associated with the development. Phase II Project Complete (CO Pending
Issued)
Update:
TIRZ #1 granted an additional $988,000 to developer Ryan General Motors Date
Dodson towards necessary roadway infrastructure to Building Permit Issued June 2013
complete the project. Office building is nearing Certificate of Occupancy Issued Oct. 2019
completion. Rough plumbing and concrete slabs have Sewer Line Design Complete Pending
been poured for the four new buildings. Conveyor Line TBA

Columbia Medical Center of Arlington Subsidiary, LP Medal of Honor Museum Date
(MCA) (Healthcare/Medical) Architecture Firm Selected Jan. 2020
Type: Medical Hospital Board of Directors Selected Jan. 2020
Capital Investment: $90 million Lease Agreement Jan. 2021
Size: 20,000 sq. ft. expansion Zoning Approved Pending
Employees: 50 Building Permit Issued Pending
Deal: The City provided a real property tax abatement to
Certificate of Occupancy Issued Pending
offset some of MCA’s construction costs.

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