Executives of Southwest Sports Group, which has developed rinksin the Dallas-Fort Worth metroplex, have pitched their idea to theCedar Park City Council. The company and the city are exploring theproposal. Southwest owns the Dallas Stars, a National Hockey Leagueteam, and the Texas Rangers major league baseball club. Cedar Parkofficials could not be reached for comment before press time.

Bryan Perez, a vice president with Southwest, tells GlobeSt.comthat it's too early to tell what kind of financial structure a dealmight have. "It depends on size of the building and what we bothdecide works," he says. It is a given, however, that the city wouldown the facility. "It's a community asset," Perez says. "At the endof some extraordinarily long lease, the city would retainownership."

While Southwest has scouted sites, it has not settled on one,according to Perez. "In general, there seem to be numerous sitesthat would be fine," he says. "So we're not fixated on anyparticular site and where the facility might be located."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.