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Mansfield council approves master development amendment, stadium budget and multiple infrastructure contracts in unanimous votes
Summary
Council approved a first amendment to the TIRZ master development agreement for a convention center and hotel project, a FY25 stadium operating budget, a Holland Road change order, a TxDOT LOSA turn-lane agreement and several contracts and purchases; developers outlined a roughly 24-month timeline for the first hotel and said financing includes bond partners and a C-PACE firm.
The Mansfield City Council on April 14 approved a package of development and infrastructure items by unanimous votes, including a first amendment to a master development agreement for a qualified convention center and hotel project, a FY25 budget authorization for stadium start-up costs, and multiple road, drainage and grant actions.
Staff described the master development amendment as clarifying parameters for fee purchases, additional parcels and mixed-use blocks in the TIRZ No. 4 area adjacent to the stadium. The amendment also sets expectations for parking structures and retail/residential blocks and retains…
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