Page 237 - CityofArlingtonFY26AdoptedBudget

Other Budget Information

Innovation / Venture Capital Fund
FY 2026 Operating Position

The Innovation / Venture Capital Fund (IVCF) was established in FY 2007 in the General Gas Fund with
$2m in Gas Well Revenues. Beginning in FY 2013, the IVCF was made a stand-alone fund, transferring it
out of the General Gas Fund, and transferring in $784k in Parks Performance funds. The Fund’s
revenues include Gas Well revenues, Parks Performance funds, Property Tax revenues, Arlington
Tomorrow Foundation, Convention Center revenues, Water sales, funds recaptured from terminated
agreements, and Water Utilities Development Cost Sharing.

From FY 2009 through FY 2025, expenditures totaling $152.3m, including $50m for Texas Live!, have
been made in support of various Chapter 380 agreements, interlocal agreements and contracts. Among
these are major development/redevelopment projects including, D.R. Horton headquarters relocation,
Arlington Commons multi-family housing redevelopment project, Six Flags world headquarters, AISD
Natatorium, Park Place student housing redevelopment project, Lincoln Square redevelopment, Spark
Arlington and other developments in the Entertainment District. Additionally, IVCF expenditures
continue to fund projects that spur economic development in the City such as, Summit Racing, CAE
(formerly L-3 Technologies), General Motors-Arlington Logistics Center, Caravan Hotel redevelopment,
and UPS. Upcoming projects include entertainment district improvements, Arlington Commons, and
other economic development projects.

Beginning Balance: $ 10,522,914

Revenues:
Interest $ 315,687
Property Tax Revenue - Ch 380 Agreements 3,031,464
Lease Revenues from Nanoscope Technologies 10,876
Lease Revenues from Levitt Pavilion Ch. 380 Loan 52,876
Total Revenues $ 3,410,903

Interfund Transfers:
Roadway Impact Fees for Nehemiah Front project $ 100,814
Water Utilities Development Cost Sharing 4,154,142
Total Interfund Transfers $ 4,254,956

Obligations:
Arlington Baptist University $ 25,000
Arlington Commons (Master III.H) Agrmt 4 - Median Improvements 62,507
Arlington Commons (Master III.J) Agrmt 4 - Park Improvements 1,178,251
Arlington Commons - Agmt 4 - Ancillary Improvements 236,732
Crowne Plaza 1,100,000
Division Hotel Management . Caravan Motel Redevelopment 1,500,000
General Motors - Arlington Logistics Center - BPP Rebate 31,393
Loew's Arlington . 5b Convention Center Grant (EDP 2nd amd Sec. 2b) 2,400,000
Nehemiah Front Street 100,814
PHC Equities (PHC Casters) 52,538
Rent the Runway 37,333
Sutton Frost Cary 61,000
UFL 150,000
UPS 457,558
Wallbox 52,641
Western Athletic Conference 116,000
Total Expenditures: $ 7,561,767

Ending Balance: $ 10,627,006
FY 2026 Proposed Budget and Business Plan 231 City of Arlington, Texas