HomeMy WebLinkAboutIR 9896 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9896
To the Mayor and Members of the City Council June 7, 2016
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*a SUBJECT: MINORITY BUSINESS ENTERPRISE OUTREACH INITIATIVES FOR
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THE FORT WORTH MULTIPURPOSE ARENA
The City of Fort Worth and Event Facilities Fort Worth (EFFW) are developing a new Multi-
Purpose Arena and support facilities to be located at the Will Rogers Memorial Center in the Fort
Worth Cultural District. The anticipated cost of the development is $450 million, with the City
contribution capped at $225 million. EFFW will contribute the remaining $225 million and any
additional costs associated with the Arena development. Citizens of Fort Worth voted in
November 2014 to authorize three funding sources to be dedicated to paying debt service on the
new Arena. The sources include an admission tax on each ticket to events at the venue (at a rate
not to exceed 10 percent of the ticket price); a tax on each stall or pen used by livestock during
an event at the venue (not to exceed $20 per stall or pen for any event), and a parking tax (not to
exceed $5 for each vehicle). The City has also created a Project Financing Zone (PFZ) in
November 2013 to capture incremental State sales taxes, including hotel occupancy taxes,
alcohol taxes and sales taxes generated at hotels located within the PFZ. The State of Texas will
remit the incremental PFZ taxes for a period of 30 years to help pay debt for the Arena and an
expansion of the Fort Worth Convention Center.
The garage that will support the new arena is under construction with an anticipated completion in
the fall of 2017. The Arena is currently being designed and construction documents are in the
process of being developed. It is anticipated that the construction of the new Arena will
commence in the February 2017 timeframe with an anticipated completion in the fall of 2019.
The City of Fort Worth Office of Business Diversity is working on several initiatives in its efforts to
include qualified Minority Business Enterprises on potential upcoming bid opportunities for
construction of the Fort Worth Multipurpose Arena Project. The Office's outreach efforts include:
May 9 & 10, 2016 DFW Minority Supplier Council's ACCESS 2016 Event (Booth Sponsor) —
interviewed MBEs and gave instruction how to get qualified to participate
on potential bid opportunities in the construction of the Fort Worth
Multipurpose Arena Project.
May 16 & 17, 2016 Office of Business Diversity participated in Interviews & Ranking —
Mechanical, Electrical & Plumbing Contractors.
May 20, 2016 Promotional flyers and email blast sent out inviting MBEs to attend the Fort
Worth Multipurpose Arena Open House & Informational Meeting.
• Eventbrite invitations sent to 4,000 recipients including: D/FW
MSDC, US Pan Asian Chamber of Commerce, Reginal Hispanic
Contractors Association, Regional Black Contractors Association,
Asian Contractors Association, National Association of Minority
Contractors (local chapter), Fort Worth Metro Black Chamber of
Commerce and the Fort Worth Hispanic Chamber of Commerce.
May 20, 2016 . Event posting in the City News.
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9896
To the Mayor and Members of the City Council June 7, 2016
Page 2 of 2
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*a SUBJECT: MINORITY BUSINESS ENTERPRISE OUTREACH INITIATIVES FOR
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THE FORT WORTH MULTIPURPOSE ARENA
May 21, 2016 . Event posting in iSgFt system by Beck Group.
June 13 & 15, 2016 . Multipurpose Arena Open House & Informational Meetings to be
held at Will Rogers Memorial Center.
June 2016 . Business Diversity staff will produce a YouTube video in
coordination with the City Cable offices to provide an overview &
status of Multipurpose Arena project.
July 2016 . Estimated completion of brochure/newsletter outlining multiple bid
announcements produced in collaboration with the Purchasing Dept.
Sept./Oct. 2016 . Business to Business Matchmaker/Networker event on doing
business with the City of Fort Worth
If you have any questions please contact Robert Sturns, Director of Economic Development.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS