$1 billion loan approved for Dallas convention center expansion
WFAA
Plans also call for reviving the Dallas Memorial Auditorium within the convention center to create a new home arena for the WNBA's Dallas Wings.
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A $1 billion bridge loan will help kickstart the redevelopment of the Kay Bailey Hutchison Convention Center.
The Dallas City Council on June 11 authorized taking out the 10-figure loan with JPMorgan Chase for the huge civic endeavor. City staffers previously ensured council members that the loan isn't needed because of any shortfall in funding for the project, but instead, interim financing needed to move forward until the city can take out long-term debt.