DALLAS – As Dallas voters head to the polls Tuesday, they will vote on a plan that would build a new convention center and renovate Fair Park.
The city of Dallas is asking voters to approve Proposition A, which calls for a 2% increase to the city’s hotel occupancy tax to help fund a new $4 billion convention center in Downtown Dallas and pay for renovations to historical buildings at Fair Park.
Proposition A would be expected to fund $1.5 billion of the project.
This plan was put on the ballot after being approved by the Dallas City Council in February.
They voted in favor of a $2 billion plan to build a new convention center west of Lamar Street. An additional $2.2 billion would be spent on redevelopment projects in and around the convention center.
The money to fund the convention center would come from increasing the Dallas hotel occupancy tax by 2%, and a new state designation that allows Dallas to keep all of that tax money.
The city plans to keep 30% of the current convention center. The cost to demolish the rest of it is estimated at roughly $20 million.
Construction of the new facility is expected to take about six years.