The Stephenville City Council will meet tonight and while it’s the very last item listed on the agenda, the impact of the future of Lone Star Arena on local economic development will be discussed in closed session.
The arena is a pivotal anchor in the economic vitality of the Cowboy Capital of the World and the only large-event center in Erath County.
However, as was pointed out at last week’s Stephenville Economic Development Authority meeting, it is in danger of closing, perhaps as soon as by the end of this year.
Cody Johnson, CEO of Twisted J Apparel, had formally requested financial assistance from SEDA toward the purchase of the arena.
However, while considering that request, the SEDA board of directors discovered that Lone Star Arena is in its extraterritorial jurisdiction of the city, and could not take any action on the matter.
Johnson has remained mum on the issue since the news broke last week, but said he plans to issue a statement on whether he will continue pursuing the purchase of Lone Star Arena soon.
The E-T will follow this story closely with updates as the situation evolves.
Other items to be addressed tonight include:
• A proclamation recognizing Veterans Day [Nov. 11th]
• Tax collection report by Jeff Brown of Linebarger Goggan Blair and Sampson, LLP
• Consideration and possible action on an ordinance authorizing the issuance and sale of the city’s Combination Tax and Revenue Certificates of Obligation Series 2016
• Reports from the Planning and Zoning Commission, Public Health and Safety, SEDA and City Financial Director Walter Wood
• An agreement between the city of Stephenville and Tarleton State University for parking enforcement.
The meeting will be held at 5:30 p.m. in City Council Chambers at City Hall.