Officials from the city of Irving, the University of Dallas and Southwest Premier Properties have been meeting with developers in hopes of turning about 350 acres of the area surrounding Texas Stadium into major mixed-use development with retail, office, residential, hotel, and entertainment facilities. The Dallas Cowboys will be leaving the 30-year-old stadium in mid-2009 for their new stadium in Arlington. As it currently looks, three major DFW metroplex highway arteries meet in this mostly light industrial zone, which sits just south of the Elm Fork of the Trinity River bottom. University of Dallas property occupies the high ground, which leads to affluent Las Colinas along Hwy. 114 and industrial/working class Irving.
In order to provide increased access to the area, a new direct diamond interchange has been proposed on SH 114 between Spur 482 and Loop 12. A light rail line already planned will link the area to both DFW Airport and Love Field, as well as to downtown Dallas.
Forest City Enterprises' recently unveiled plan, "Crossroads," would call for two new light rail DART stations; 4,900 new homes; 2 million square feet of office space; over 1 million square feet of retail; an open-air amphitheater; and a spectacular SkyPark gateway spanning Highway 114 to facilitate transit within Crossroads. As for Texas Stadium — it would have to go.