Hubbard: SEDA can't give financial assistance to Lone Star Arena

J. Michael Ross jross@empiretribune.com
According to SEDA Executive Director John Hubbard, the group cannot act on a request by Cody Johnson for financial assistance in purchasing Lone Star Area because it is located outside the city's extraterritorial jurisdiction.

The Stephenville Economic Development Authority met Thursday to discuss a request by Twisted J Apparel co-owner Cody Johnson for financial assistance in the purchase of Lone Star Area, but no action was taken.

The following is a statement sent to the E-T from John Hubbard, executive director of SEDA, explaining why there was no action by the group.

“The impact that an arena has on Stephenville's economy is indisputable. However, upon further review of the particular project before the Board, it was determined that Lone Star Arena is situated just outside the City's extraterritorial jurisdiction, beyond which SEDA has no statutory authority to initiate action of the type sought. Therefore, the Board was unable to take any action on the request."

He went on to say that the importance of rodeo to Stephenville's heritage, culture, and financial vitality is undeniable and the conversation will be ongoing about how best to provide facilities that protect and grow the city's stature as the Cowboy Capital of the World.

Johnson said he will be releasing a statement about the ongoing situation on Monday.