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Posted: Wednesday, 06 June 2007 7:54AM

Arlington OKs Bonds to Pay for Glorypark Infrastructure



Arlington has given the stamp-of-approval to Glorypark, the half-Billion dollar development planned by Rangers owner Tom Hicks.  The city council has agreed to issue 135-Million dollars in bonds to pay for things like roads and parking.  The city will repay the loans with extra sales and property taxes generated in the district -- along with parking fees for Cowboys games and other events at the new Cowboys stadium.  Hicks and his partners envision a high-end district of apartments, offices, hotels, taverns, public artwork and other entertainment attractions near the Rangers Ballpark which is just down the road from where the Cowboys stadium is going up.


 
 
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