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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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Trinity Metro Commuter Rail Committee Working Session: 3:30 p.m. Feb. 19, 2018; Intermodal Transportation Center, 1001 Jones Street, 2nd Floor Community Room.
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Trinity Metro Planning, Operations & Marketing Committee Working Session: 4 p.m. Feb. 19, 2018; Intermodal Transportation Center, 1001 Jones Street, 2nd Floor Community Room.
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DFW International Airport Public Facility Improvement Corporation Board Meeting: 4 p.m. Feb. 19, 2018; DFW Airport Headquarter Building Board Room, 2400 Aviation Drive.
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Trinity Metro Finance & Audit Committee Working Session: 4:30 p.m. Feb. 19, 2018; Intermodal Transportation Center, 1001 Jones Street, 2nd Floor Community Room.
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Task Force on Race and Culture: 5 p.m. Feb. 19, 2018; Oak Hall, Deborah Beggs Moncrief Garden Center, 3220 Botanic Garden Boulevard.
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Canceled Overton Woods Project Open House: 6 p.m. Feb. 19, 2018; Arborlawn United Methodist Church, 5001 Briarhaven Rd..

Youth Advisory Council: 9 a.m. Feb. 20, 2018; Workforce Solutions for Tarrant County, Suite 600, Large Conference Room, 1320 S. University Drive.
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Court in the Community: Mobile Court: 1 p.m. Feb. 20, 2018; Atwoods Ranch and Home, 6001 Lake Worth Blvd.

Fort Worth Local Development Corporation: 2 p.m. Feb. 20, 2018; City Hall, Second Floor, City Council Conference Room 290, 200 Texas Street.
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Central City Local Government Corporation: 2 p.m. Feb. 20, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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City Council Work Session: 3 p.m. Feb. 20, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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City Council Meeting: 7 p.m. Feb. 20, 2018; City Council Chambers, Second Floor, City Hall, 200 Texas Street.
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Commercial Board of Adjustment Work Session: 9 a.m. Feb. 21, 2018; City Council Conference Room 290, 200 Texas Street, 2nd Floor City Hall.
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Court in the Community: Mobile Court: 9 a.m. Feb. 21, 2018; Southwest Community Center, 6300 Welch Ave.

Commercial Board of Adjustment Public Hearing: 10 a.m. Feb. 21, 2018; City Council Chamber, 200 Texas Street, 2nd Floor City Hall.
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Residential Board of Adjustment Work Session: 12:30 p.m. Feb. 21, 2018; City Council Conference Room 290, 200 Texas Street, 2nd Floor City Hall.
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Residential Board of Adjustment Public Hearing: 1:30 p.m. Feb. 21, 2018; City Council Chamber, 200 Texas Street, 2nd Floor City Hall.
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Public Hearing of the Trinity River Public Facility Corporation on Multifamily Revenue Bonds: 4:30 p.m. Feb. 21, 2018; Fort Worth Housing Authority, 1201 Eat 13th Street.
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Urban Design Commission Public Hearing: 10 a.m. Feb. 22, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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Fort Worth Housing Solutions Board of Commissioners Annual & Regular Meeting: 5 p.m. Feb. 22, 2018; Fort Worth Housing Solutions Administrative Office Board Room, 1201 East 13th Street.
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Quadco Management Solutions Annual Meeting: 5 p.m. Feb. 22, 2018; Fort Worth Housing Solutions Administrative Office Board Room, 1201 East 13th Street.
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Housing Development Corporation of Fort Worth: 5 p.m. Feb. 22, 2018; Fort Worth Housing Solutions Administrative Office Board Room, 1201 East 13th Street.
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Wind Terrace, Inc.: 5 p.m. Feb. 22, 2018; Fort Worth Housing Solutions Administrative Office Board Room, 1201 East 13th Street.
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Cavile Public Facility Corporation: 5 p.m. Feb. 22, 2018; Fort Worth Housing Solutions Administrative Office Board Room, 1201 East 13th Street.
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Master Composter Class: 6 p.m. Feb. 22, 2018; Tarrant Area Food Bank Administrative Building, 2525 Cullen, 76107.
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Pedestrian and Bicycle Advisory Commission: 6 p.m. Feb. 22, 2018; Tarrant Regional Water District, Conference Room, 800 East Northside Drive.
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Bluebonnet Circle Infrastructure Improvements Project Meeting: 6 p.m. Feb. 22, 2018; La Mancha Business Center Building 3, 3120 Merida Ave.

Minority and Women Business Enterprise Advisory Committee: 11:30 a.m. Feb. 23, 2018; James E. Guinn Building, First Floor, PharmaFab Conference Room 116, 1150 South Freeway.
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Master Composter Class: 6 p.m. Feb. 23, 2018; Tarrant Area Food Bank Administrative Building, 2525 Cullen, 76107.
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Master Composter Class: 8:30 a.m. Feb. 24, 2018; Tarrant Area Food Bank Learning Garden at Ridglea Christian Church, 6720 W. Elizabeth Lane, 76116.
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Health Fair at Como Community Center: 9 a.m. Feb. 24, 2018; Como Community Center, 4900 Horne St.

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