Dallas City Council considers $1B short-term loan to kickstart convention center renovation
FOX 4 News
The city of Dallas unveiled beautiful new renderings for the reconstruction of the Kay Bailey Hutchinson Convention Center. But the plans do come with an increasing price tag that concerns some city council members.
Dallas is considering a $1 billion short-term loan to kickstart renovations on the Kay Bailey Hutchison Convention Center.
Planners say the funding is needed to prepare the center to serve as the FIFA World Cup International Broadcast Center.
Some council members are concerned about the escalating project costs and the existing debt on the current convention center.