STRATEGIC PRIORITY: Core
AGENDA DATE: April 23, 2025
COUNCIL DISTRICT(S): 2
DEPARTMENT: Department of Facilities and Real Estate Management
EXECUTIVE: Donzell Gipson
______________________________________________________________________
SUBJECT
Title
Authorize acquisition, including the exercise of the right of eminent domain, if such becomes necessary, from Charter DMN Holdings, LP, of approximately 36,228 square feet of land located near the intersection of Young and Houston Streets for the Kay Bailey Hutchison Convention Center Dallas Master Plan Component 1 Convention Center Expansion Project - Not to exceed $6,553,040.00 ($6,521,040.00, plus closing costs and title expenses not to exceed $32,000.00) - Financing: Convention Center Construction Fund
Body
BACKGROUND
This item on behalf of Convention and Event Services authorizes the acquisition, including the exercise of the right of eminent domain, if such becomes necessary, from Charter DMN Holdings, LP, of approximately 36,228 square feet of land located near the intersection of Young and Houston Streets for the Kay Bailey Hutchison Convention Center Dallas Master Plan Component 1 Convention Center Expansion Project.
The Department of Convention and Event Services and its project manager, Inspire Dallas, briefed the Dallas City Council about the need to procure this property on March 6, 2024. The convention center expansion, west of Lamar Street, abuts the forthcoming Interstate 30 (I-30) Project and the city was informed by the Texas Department of Transportation (TxDOT) that equipment lay down and staging space is needed for completion of the I-30 Project. Providing the easement for the TxDOT request necessitated moving the convention center back several thousand feet onto the abutting property. As briefed, this has the collateral effect of reducing the need to build over the Union Pacific Railroad property. This reduction offsets the cost of the land purchase in terms of overall project cost. The consideration is based on independent appraisals.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
The City Council was briefed on the Kay Bailey Hutchison Convention Center Dallas Master Plan and Transportation Initiatives on March 6, 2024.
FISCAL INFORMATION
|
Fund |
FY 2025 |
FY 2026 |
Future Years |
|
Convention Center Construction Fund |
$6,553,040.00 |
$0.00 |
$0.00 |
OWNER/EXECUTIVE
Charter DMN Holdings, LP
Ray W. Washburne, President
MAP
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