Fort Worth Voters Approve Arena Funding
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FORT WORTH (AP) - Voters in Fort Worth have approved a tax plan to help pay for a proposed $450 million arena and sports facility in the Cultural District.
Measures approved Tuesday will help fund about 15 percent of the public share of the complex, which is expected to seat up to 14,000.
Voters endorsed an admission tax on each ticket to events at the arena. Voters also approved a parking tax, topped at $5 per vehicle, at the site expected to be built next to the Will Rogers Memorial Center. Another tax will apply to each stall or pen used by livestock at the arena.
Fort Worth and Tarrant County have already spent about $10 million for storm drain and road improvements. Hotel and mixed-beverage related taxes will also help fund the arena.
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