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Arena bonds allow residents to buy a piece of Fort Worth's future

Posted June 12, 2017

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Artist rendering of new arena.

Fort Worth has never had a mechanism in place to allow residents to buy city bonds. Now, with the construction of the Dickies Arena, that opportunity exists.

On June 19, Fort Worth and Texas residents can invest in Series 2017A and Series 2017B bonds before they are offered to institutional investors the next day.

Residents will be allowed to buy bonds in $5,000 increments, up to $500,000 each. Buyers will be able to select a date when they want their investment paid back, starting as early as March 2021, and decide if they want to invest in taxable or tax-exempt bonds.

Fort Worth and Texas residents will have priority on June 19, but they’ll be placed among other investors on the second day.

The City Council authorized the sale of $240 million in bonds. Until now, city bonds were only offered to institutional investors.

The city is issuing debt to cover its portion of construction costs related to the Dickies Arena. The city’s portion is capped at $225 million, with the remaining construction costs paid by Event Facilities Fort Worth, a private partner that is constructing and will operate the new arena.

Read a prospectus online.

Purchasing bonds

To establish an account to purchase bonds, or to learn more, call one of the following companies:

  • J.P. Morgan — 855-231-8873
  • Citigroup — 855-644-7252
  • Wells Fargo Securities — 866-287-3221

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Calendar

Tarrant County Adult Education & Literacy: 9:30 a.m. Oct. 19, 2017; Large Conference Room, Workforce Development Board Offices, 1320 S. University Drive, Suite 600.
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Community Action Partners Council: 1:30 p.m. Oct. 19, 2017; First Floor Board Room, Fort Worth City Credit Union, 2309 Montgomery Street.
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Fort Worth Housing Solutions: 5 p.m. Oct. 19, 2017; FWHS Administrative Office Board Room, 1201 East 13th Street.
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Trinity River Public Facility Corporation: 5 p.m. Oct. 19, 2017; Fort Worth Housing Solutions, 1201 East 12th Street.
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Lights On After School: 5 p.m. Oct. 19, 2017; Greenbriar Community Center, 5200 Hemphill St.

Artist Talk: Kipp Kobayashi: 5:30 p.m. Oct. 19, 2017; Art7 Gallery, 2831 West 7th St.

Pedestrian and Bicycle Advisory Commission: 6 p.m. Oct. 19, 2017; Conference Room, Tarrant Regional Water District, 800 E. Northside Drive.
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Composting Water-Saving Seminar: 6 p.m. Oct. 19, 2017; Fort Worth Botanic Garden, Iris Room, 3220 Botanic Garden Blvd.
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Stormwater Master Plan Stakeholder Meeting: 6 p.m. Oct. 19, 2017; Hazel Harvey Peace Center for Neighborhoods, 818 Missouri Ave.

Human Relations Commission 50th Anniversary Celebration: 8 a.m. Oct. 20, 2017; A.D. Marshall Public Safety and Courts Building, 1000 Throckmorton St.

Public Art Dedication at Meacham International Airport: 10 a.m. Oct. 20, 2017; Meacham International Airport Administration Building, 201 American Concourse (Off N. Main Street).

Minority and Women Business Enterprise Advisory Committee Meeting: 11:30 a.m. Oct. 20, 2017; James E. Guinn Building, First floor, PharmaFab Conference Room No 116, 1150 South Freeway.
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Fall Festival: 7 p.m. Oct. 20, 2017; Fire Station Community Center, 1601 Lipscomb St.

Crud Cruiser Mobile Waste Collection: 9 a.m. Oct. 21, 2017; Gateway Church, 4205 Basswood Blvd .

Code Rangers: 9 a.m. Oct. 21, 2017; Hazel Harvey Peace Center for Neighborhoods, 818 Missouri Ave, Fort Worth, TX 76104.

Homeless Event: Mile in My Shoes: 11 a.m. Oct. 21, 2017; Southside Community Center, 959 E. Rosedale St.

Worth Heights Oktoberfest: 6 p.m. Oct. 21, 2017; Worth Heights Community Center, 3551 New York Ave.

Building Standards Commission Pre-Meeting: 9 a.m. Oct. 23, 2017; City Council Conference Room 290, City Hall, 200 Texas Street.
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Building Standard Commission Meeting: 9:30 a.m. Oct. 23, 2017; Council Chamber, City Hall, 200 Texas Street.
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Fort Worth Transportation Authority Commuter Rail Committee Working Session: 3:30 p.m. Oct. 23, 2017; 2nd Floor Community Room, Intermodal Transportation Center, 1001 Jones Street.
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Fort Worth Transportation Authority Planning, Operations & Marketing Committee Working Session: 4 p.m. Oct. 23, 2017; 2nd Floor Community Room, Intermodal Transportation Authority, 1001 Jones Street.
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Fort Worth Transportation Authority Finance & Audit Committee Working Session: 4:30 p.m. Oct. 23, 2017; 2nd Floor Community Room, Intermodal Transportation Authority, 1001 Jones Street.
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2018 Bond Election Public Meeting City Wide: 6:30 p.m. Oct. 23, 2017; Botanic Garden Lecture Hall, 3220 Botanic Garden Boulevard.

Las Vegas Trail Revitalization Project Meeting: 8:30 a.m. Oct. 24, 2017; Birchman Baptist Church, 9100 N. Normandale St.

Senior Spooky Social: 10 a.m. Oct. 24, 2017; Hillside Community Center, 1201 E. Maddox Ave.

Fort Worth City Council and Appointed Officials Conversation About Race and Culture: 10 a.m. Oct. 24, 2017; Oak Hall, Deborah Beggs Moncrief Garden Center, 3220 Botanic Garden Boulevard.
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Audit Committee: 1 p.m. Oct. 24, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Fort Worth Housing Finance Corporation: 2 p.m. Oct. 24, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

City Council Work Session: 3 p.m. Oct. 24, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

View the full city calendar.