STRATEGIC PRIORITY: Economic Development
AGENDA DATE: December 11, 2024
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Convention and Event Services
EXECUTIVE: Robin Bentley
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SUBJECT
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A resolution authorizing (1) the final terms of the City's joinder to the Kay Bailey Hutchison Convention Center Dallas (KBHCCD) use contract between Global Spectrum LP (dba OVG360), the City's operator of the KBHCCD, and FWC2026 US, INC (FIFA) to facilitate an eight-month user agreement for use of the KBHCCD and other City spaces in 2026; and (2) the approval for the City Manager to join in the KBHCCD use contract, approved as to form by the City Attorney, and to provide for capital improvements - Not to exceed $15,000,000.00 - Financing: Convention Center Construction Fund
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BACKGROUND
In February 2024, the KBHCCD was shortlisted to host a larger economic development initiative related to FIFA World Cup for potentially eight months in 2026. OVG360 has been negotiating with FIFA on the terms of a use contract for the KBHCCD. Some of the items requested as part of the negotiations fall outside of OVG360's contract with the City of Dallas. As such, the City must enter into a joinder agreement to deliver those capital, perimeter and other needs requested by FIFA. On June 26, 2024, the City Council authorized the City manager to participate in the negotiations and negotiate a joinder to the use contract, and to submit the final terms of the City's joinder to the City Council for approval.
Negotiations have been completed and the City Manager is seeking City Council approval of the final terms of the City's joinder to the use contract for the City to perform some of the federation's additional requests that are not within OVG360's KBHCCD Management Contract. These additional requests include: ensuring a watertight roof and related drainage projects; any modifications required to ensure adequate c...
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