Editor’s note: This column is one
in an occasional series that former Mayor Greene calls “How our city was shaped
by ten things that didn’t happen.” Today’s commentary is about the sixth of
those ten things.
Up to this point in
Arlington’s modern history, the things that didn’t happen were all turned into
great success stories as the city’s achievements continued to mount.
Then came the
crippling failure of a venture that threatened to change everything. That the
great majority of the city’s current population has never even heard of the
beleaguered project, you already know that this thing that didn’t happen was not
going to spell the end of the city’s continued ascension to prominence.
For a while,
however, it looked like the city’s best days would be those disappearing in the
rear view mirror.
In the
same spring of 1972 that we celebrated the arrival of the Texas Rangers
elevating the city to major league status, we also opened the gates to what was
expected to be a companion to the startling success of Six Flags Over Texas, having
just completed its first decade of operations.
Richard Greene
The new
attraction would provide visitors with the opportunity to experience sea life
found in the major oceans of the world right in the middle of Texas. The
publicly funded $10 million attraction (a lot more money then than it sounds
like now) would be known as Seven Seas and add to the reasons for visitors to
put Arlington on their list of places to go for family fun, entertainment and
one-of-a-kind experiences.
The
financing for the venture and its operating costs were bound up in a city-owned
subsidiary corporation with the renovated and renamed Arlington Stadium
together with the baseball team’s radio and television broadcast rights, parking
revenues, and concessions – all belonging to the city.
With the
Rangers drawing about half the crowds of average major league team attendance
numbers, and Seven Seas construction and operating costs far exceeding
expectations, financial problems began to mount in the inaugural year for both
entities.
In the
second year, things only got worse. Already there would be restructuring of
operating agreements for Seven Seas with new managers, new debt would be
incurred, and problems would continue to mount as attendance in sufficient
numbers to sustain the new attraction never materialized.
Controversy
and confusion arose as the city took on more and more responsibility for
running the sea life park while corporate entities the city had contracted with
suffered financial collapse under the weight of their own economic difficulties
unrelated to Seven Seas.
By the
third year, the city had to close Seven Seas, borrow more money, and find new
partners who would convert the park into a new theme, rename it, and reopen it
as Hawaii Kai. That didn’t work any better. In fact, to the city’s surprise in
the fall of 1976, the latest operator declared bankruptcy and the entire failed
enterprise was turned back to the city and then permanently shut down.
News
reports declared the city in crisis with no revenue source to pay the unexpected
heavy debt resulting from Arlington’s now declared spectacular failure. All the
animals were sold off and deterioration set in of the park’s once gleaming
structures and features.
The
magic that the city’s long-serving mayor had always seemed to produce for the
town he loved with such passion seemed to have eluded him this time. No matter
the details of the myriad things that went wrong with all the corporate and
individual parties involved in Seven Seas, controversy over what occurred
during the unfolding of the fiasco was focused more on him than anyone else.
In less
than a year from the park’s closing, Tom Vandergriff resigned his post after 26
years of extraordinary leadership that transformed Arlington from a water stop into
a national destination.
He would
later tell me that he felt that the city would not be able to move forward with
plans to recover from the Seven Seas collapse as long as the focus remained on
him. He also would lament that he felt he would be remembered only for the sea
life park debacle.
Tom may
have been right about the first of these concerns – we will never know. But, he
was unnecessarily worried about the second. The city would recover largely as a
result of the momentum he had built in the two and a half decades of his
leadership.
To raise
some immediate cash to address the Seven Seas debt payments looming large over
the city, new Mayor S. J. Stovall negotiated the sale of the city’s valuable Texas
Rangers broadcast rights to the owners of the team. The deal included an option
for the owners to acquire Arlington Stadium and the surrounding prime real
estate. This was an option they would later exercise.
Such a
deal would portend problems in the future when Dallas would attempt to steal
the Rangers from Arlington, but the money helped ease the immediate crisis.
Next,
the city would proceed to put together a collaboration with the Sheraton Hotel
Corporation where public funds, approved by voters in a bond election, would
build a new convention center on the Seven Seas property and connect it to a new
luxury hotel that would incorporate a couple of the sea life park’s remaining
usable facilities such as the pearl diving pool.
The
convention center would bring in a new revenue stream, and the hotel would
produce new tax dollars from the property moving back into private hands along
with the lucrative room tax flowing in from visitors.
The
city’s expansion would continue to accelerate, a major new shopping mall would
soon be planned that would pump sales tax dollars into the city treasury. The
city’s recovery was basically assured by its continued robust growth and focus
on economic development.
At the
end of the Seven Seas story, the thing that didn’t happen was that Arlington
didn’t lose its well-deserved reputation as an innovative, can-do city. What
actually disappeared in the rear view mirror was the image of a failed sea life
park along with the notion that Arlington had stubbed its toe and its glory
days were over. In fact, a future brighter than ever was already rising on the horizon.
Richard Greene is a former
Arlington mayor, served as an appointee of Pres. George W. Bush as Regional
Administrator of the Environmental Protection Agency, and currently is an
adjunct professor in UT Arlington’s Graduate School of Urban and Public
Affairs.
No comments:
Post a Comment