Fort Worth City Council unanimously approved a $630 million plan to significantly expand the renowned Stockyards entertainment district. The project, led by M2G Ventures, Hickman Companies, and Majestic Realty, will bring about numerous enhancements to the area.
The proposed expansion includes 300,000 square feet of new commercial development and up to 500 hotel rooms in one or more properties. Additionally, a multifamily property with 295 units and two or more underground parking garages providing over 1,300 spaces will be added. Improvements will also be made to livestock buildings and the Cowtown Coliseum.
To finance these additions,the city plans on entering into a tax increment financing agreement that utilizes tax dollars within a designated zone for reimbursement purposes.
Established in 1876 as a major hub for livestock shipping,the Fort Worth Stockyards reached its peak in processing over five million cattle in1944.City documents indicate that this expansion project is expected to reach completion by the end of2032.
