The "Arena Deal" includes...
a land development deal for Hicks Cedar Park, LLC.
Our City is selling over 16.6 acres of City property (...City parkland...)
Prime Commercial property on the 183A frontage road
Without competitive bids for...
$3.1 Million dollars...
and the City will hold it at that price for Hicks...
for up to four year after the arena opens...
because there is no "appreciation clause."
There can be no “Fair Market Value” without competitive bids, but...
At the current dollar-per-foot value of land in Cedar Park...
the +16 acre tract is worth somewhere between...
$4.5 to over $6 million dollars... TODAY
And there's more surprising details about this "development" deal...
All 100+ pages of the "arena deal"
Some of it will surprise you - because there's plenty we haven't
been told - by any of our current City leaders...