Judge clears the way for $200 million Irving bond sale

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by BRETT SHIPP

WFAA

Posted on October 4, 2010 at 11:52 PM

IRVING — Irving's planned $250 million entertainment center in Las Colinas cleared a big hurdle on Monday.

A Dallas judge granted the city's request for the sale of $200 million in bonds for the project.

The entertainment complex will consist of a large concert hall, an amphitheater, restaurants, and a boutique hotel.

Opponents argued in court that the projected revenues for the center are inflated, and that taxpayers will get stuck with the tab.

The judge disagreed.

"It means we are one step closer to realizing a very important project that means a lot to the future of our community," said Irving Mayor Herbert Gears. "It's certainly something our leadership has worked on for years and years and years, and we are one step closer to getting that done."

The mayor said he hopes the bonds can be sold before the end of the year, adding that construction will take a couple of years.

E-mail bshipp@wfaa.com

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