03:52 PM CST on Friday, January 23, 2009
The Irving City Council on Thursday unanimously approved an agreement under which the Texas Department of Transportation will pay the city more than $15.4 million to use the Texas Stadium site for 10 years.
The money will paid in one lump sum and will be used to pay for the stadium’s demolition and future infrastructure projects at the site, according to city officials and documents. The Dallas Cowboys are expected to complete their move to a new stadium in Arlington by the end of March.
TxDOT will use the land for a staging area for several planned highway construction projects. That includes a $518 million project dubbed the Diamond Interchange. That renovation will streamline the area’s four major thoroughfares – state highways 114 and 183, Loop 12 and Spur 482 – with DART’s planned rail line. If a possible redevelopment project for the stadium site becomes viable, the city will be responsible for relocating TxDOT to another staging area in the city. Irving officials plan to demolish the stadium in about a year.
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