The city of Dallas is proposing a $1 billion bridge loan to expedite the $3.34 billion Kay Bailey Hutchison Convention Center project ahead of the 2026 FIFA Men’s World Cup.
According to city materials, the loan would allow the city to reduce interest costs from initial financing and provide immediate funds to enter contracts and pay vendors.
City representatives will present an update on the project’s master plan to the City Council on Wednesday. District 9 Council Member Paula Blackmon told NBC 5 she seeks clarity on the proposed billion-dollar loan scheduled for a council vote on June 11…