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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

MAEMSA/MedStar Mobile Healthcare Board of Director's Budget Review : 2 p.m. Aug. 21, 2017; Exectutive Board Room, MedStar Offices, 2900 Alta Mere Drive.
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Fort Worth Transportation Authority Commuter Rail Committee Work Session: 3:30 p.m. Aug. 21, 2017; Second 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. Aug. 21, 2017; Second Floor Community Room, Intermodal Transportation Center, 1001 Jones Street.
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Fort Worth Transportation Authority Finance & Audit Committee Working Session: 4:30 p.m. Aug. 21, 2017; Secind Floor Community Room, Intermodal Transportaion , 1001 Jones Street.
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Canceled 2018 Bond Election Public Meeting District 5: 6:30 p.m. Aug. 21, 2017; Handley Meadowbrook Community Center, 6201 Beaty Street.

Canceled City Council Work Session: 3 p.m. Aug. 22, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Canceled City Council Meeting: 7 p.m. Aug. 22, 2017; City Council Chamber, Second Floor, City Hall, 200 Texas Street.

Meeting of Board of Directors of Metropolitan Area EMS Authority DBA MedStar Mobile Healthcare: 10 a.m. Aug. 23, 2017; MedStar Offices, 2900 Alta Mere Drive.
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City Plan Commission Work Session: noon Aug. 23, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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Capital Improvements Advisory Committee for Transportation Impact Fees: 1:30 p.m. Aug. 23, 2017; City Council Chambers, Second Floor, City Hall, 200 Texas Street.
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City Plan Commission Public Hearing: 1:30 p.m. Aug. 23, 2017; City Council Chambers, Second Floor, City Hall, 200 Texas.
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Park & Recreation Advisory Board Work Session: 3 p.m. Aug. 23, 2017; Deborah Beggs Moncrief Garden Center, Fort Worth Botanic Garden, 3220 Botanic Garden Boulevard.
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Tax Increment Reinvestment Zone Number Four Board of Directors Meeting: 3:30 p.m. Aug. 23, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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Park & Recreation Advisory Board Meeting: 4 p.m. Aug. 23, 2017; Deborah Beggs Moncrief Garden Center, Fort Worth Botanic Garden, 3220 Botanic Garden Boulevard.
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Tarrant County Adult Education & Literacy Consortium Meeting: 9:30 a.m. Aug. 24, 2017; Workforce Development Board Offices, 1320 S. University Drive Suite 600.
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Urban Design Commission Public Hearing: 10 a.m. Aug. 24, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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2018 Bond Election Public Meeting District 7: 6:30 p.m. Aug. 24, 2017; Northwest High School, 2301 Texan Drive Justin, TX .

View the full city calendar.