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Council approves second amendment for convention center/hotel project; state tax rebates used to finance convention center
Summary
The council approved a second amendment to the master development agreement with TerraViva Global (Mansfield Sports District) that finalizes parcel sales and ground leases for hotel components, adds city protections (reverter provisions) and documents a 10‑year state sales and hotel tax rebate that will be used to fund the convention center and parking structures.
The City Council on July 28 approved (7‑0) a second amendment to the master development agreement with TerraViva Global, advancing a mixed hotel, retail, parking and convention center project on multiple parcels near the stadium area.
City staff (Jason Moore, speaker 23) said the amendment clarifies the parcels to be sold (including a parkland‑adjacent parcel formerly part of a park facility development corporation sale), establishes ground leases for two hotel…
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