DALLAS – A Dallas City Council committee this morning voted to move forward with two development projects aimed to invigorate downtown and a portion of the city's southern sector.
The Economic Development Committee heard a briefing about the proposed PGA-class golf course that would be built off Interstate 45 along Loop 12 that Mayor Mike Rawlings announced on Friday.
The city, AT&T and Southern Methodist University would help form a nonprofit to build and run the golf course.
Assistant City Manager Ryan Evans disclosed that course construction will not begin until the Byron Nelson Championship, currently played in Irving, is signed on to relocate to the Dallas course. This is the latest sign that the PGA tournament would relocate to the new course –– during the press conference Friday, AT&T announced it would be the title sponsor once HP's contract expires in 2015.
As well as securing a Nelson commitment, the nonprofit also needs to raise $20 million to get construction started by the spring of 2013. The new Dallas course is set to open in 2016.
Council members warmly received the presentation and said that it would be a great opportunity for southern Dallas.
The committee was also briefed about a land swap between the city and Woodbine Development, the Dallas-based real estate company that owns the Reunion Hyatt Regency. The city would give up the land where Reunion Arena once stood and receive Woodbine land near the Dallas Convention Center in return.
Ultimately, the plan is for the city to develop the land it would acquire near the Dallas Convention Center into residential, office and destination type locations. Woodbine would develop the Reunion Arena site into office space.
The full city council will consider these items on Wednesday.