1518 Seegar St, Dallas, TX 75215 For Sale

By 2029, the city of Dallas expects to have a new convention center in the southern corner of downtown. It’s currently estimated to be a $3 billion project, which uses funding mechanisms designed by the city and the state to make people who don’t live in Dallas pay for it. (That number is likely to change; over the course of the planning process, it has ranged from $2 billion to $4.4 billion.) Voters last year approved a 2-cent hike on the hotel occupancy tax, and in 2021 the City Council defined a circle around the convention center with a 3-mile radius that will divert hotel, alcohol, and sales tax to the project over the next 30 years. The Texas Legislature cleared the way for both of those elements, so long as proceeds are used for a project like a convention center.