Page 36 - CityofArlingtonFY26AdoptedBudget
P. 36

Business Plan




                                               Grow Our Economy

                                             Drive Development in Key Areas
                          Project                   Performance Measure(s)                Department(s)
             Development of West Airport – E-                                   Strategic Initiatives and Economic
             Space                                                              Development Corporation


             Summary:
             In April 2023, the Arlington Economic Development        Milestone         Estimated     Actual
             Corporation (EDC) and City Council approved a master                      Completion  Completion
             agreement with E-Space, a startup satellite manufacturer.    Phase I Design   Dec. 2024   Jan. 2025
             The master agreement provides a framework for the   Complete
             project and contemplates development of future     Develop and execute all   Oct. 2025
             agreements, including a lease, development agreement,   subsequent agreements
             and performance agreement.  The EDC plans to construct   Begin Construction of   July 2025
             a 250,000 square foot manufacturing facility and   Phase I
             associated infrastructure for E-Space to occupy.  E-Space
             will commit to provide a minimum of 400 jobs within 5
             years of initial occupancy of the space.

























































            FY 2026 Proposed Budget and Business Plan                                        30                                                                City of Arlington, Texas
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