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Arlington OKs $273 Million for AT&T Stadium Renovations

DFW: The City of Arlington will spend $273 million over the next two decades to help upgrade AT&T Stadium, home of the Dallas Cowboys. The city council overwhelmingly approved the funding request, citing the team and stadium not only as one of the anchors for the Arlington Entertainment District but responsible for about $340 million in economic impact to the city each year. The total renovation estimate is expected to surpass $1 billion when the city’s contribution is combined with the team’s commitment of $750 million. The deal also includes a 15-year extension of the team staying in Arlington through 2055. The public money will come from existing sales and other venue taxes. The plans call for infrastructure improvements and renovations to improve stadium accessibility and walkability, plus security measures. At the time it opened in 2009, the stadium’s price tag of around $1.3 billion made it the most expensive sports venue ever built.

U.S.: Despite a war, rising prices for food and gas, and other economic uncertainties, pending home sales rose slightly in March across the country. The National Association of Realtors says that its Pending Home Sales Index, tied to contract signings for existing homes, rose 1.5% last month, compared to February. Pending sales track homes under contract that have yet to close, an indicator of future home sales. The South, including North Texas, continued to lead performance because of job gains and population growth. NAR earlier reported that existing home sales, which track completed transactions, had fallen 3.6% in March, compared to February.

DFW: Hillwood continues to prepare for the future as it adds its latest industrial projects in the AllianceTexas. Its five projects will include more than 3 million square feet of space under construction and more than 2.6 million square feet in the pipeline, the company’s largest speculative construction projects. The five buildings in various parts of the development’s 27,000 acres include Alliance Gateway 70, Alliance Gateway 71, Alliance Westport 12, Alliance Westport 15 and Alliance Gateway 34. The DFW area continues to lead the country in industrial construction projects with more than 28 million square feet of space in development. Much of the growth has been in southern Dallas County and in the AllianceTexas area, north of downtown Fort Worth.

DFW: A major apartment builder is adding to its portfolio in the Grandscape development in southern Denton County. JPI will develop Jefferson Grandscape II, a $78 million, 277-unit complex with varying sizes and formats of units and will be connected to an existing garage.   The five-story apartment community will be near the Nebraska Furniture Mart in The Colony and will include 8 three-bedroom units; 86 two-bedroom apartments and 172 one-bedroom apartments. The apartments will have upscale interior amenities, including private patios and balconies, along with an outdoor pool with lounges and terraces, courtyards and sundecks. The project, expected to be completed by the first part of 2028, is near the Jefferson Grandscape, a 319-unit complex in the same area. With approximately 29,000 new units completed in 2025, DFW remains No. 2 behind New York in apartment construction. JPI, based in Irving, is one of the most-prolific apartment developers in the country, particularly in the DFW area with more than 100,000 units in more than 140 cities across the country.

DFW: The median sales price for existing homes in North Texas has remained flat, hovering between $395,000 to $400,000, according to the Texas A&M Real Estate Research Center and the MetroTex Association of Realtors. The center also reported that active listings in North Texas as of the third quarter were just under 25,000, which is closer to a more balanced market of around three months’ supply.

DFW: Of note: May 15 is the deadline to file a Texas property tax protest for the 2026 tax year. Experts advise homeowners to double-check not only that appraisals are correct, but also that any tax exemptions, including general, senior (65 and older), disabled and disabled veterans have been noted and attached to the property. Homeowners should consult their appraisal district for the procedures on how to file a protest.

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