12-10-2007
Hockey Complex Come To Cedar Park

Cedar Park City Council approved a memorandum of understanding with Hicks Sports Marketing Group, a company headed by the owner of the Dallas Stars and Texas Rangers. Although the agreement is preliminary, it calls for the city to fund more than $43 million of a $55 million entertainment center that would be home to a Dallas Stars affiliate hockey team.
The contract would also allow Hicks to develop 17 acres of the city-owned land surrounding the center for retail, commercial, and/or residential purposes.
Although the primary purpose of the entertainment center would be for the American Hockey League team, in the office season it would be a general venue for concerts and the like.
The complex would be located off the new 183-A between New Hope Drive and Crystal Falls Parkway.
Cedar Park plans to raise the money for the development with certificates of obligation, bonds that aren't subject to voter approval. A binding agreement will have to be finalized by the middle of December.
With the way Cedar Park and Leander are growing, I have no doubt that this kind of development can succeed. Another Central Texas hockey team!!