The Fort Worth Sports Authority approved its 2027 budget at an Aug. 11 meeting<\/a>.<\/p>\n Members noted that the city collected $579,000 in gas lease royalties, including those from Texas Motor Speedway in north Fort Worth.\u00a0<\/p>\n A 2008 settlement governs how that money is spent. The authority must put 75% toward improvements at or around Texas Motor Speedway. The remaining 25% goes to the city\u2019s general fund.<\/p>\n For more on the city\u2019s gas-related revenue policy, click here<\/a>.<\/p>\n Michael Crum, Fort Worth\u2019s deputy director of special projects, noted that leasing income for fiscal 2026 was $100,000 and that investment income generated $120,000 annually.\u00a0<\/p>\n \u201cWe made some changes a couple of years ago where we have the vast majority of the sports authority\u2019s cash in either the money market or a certificate of deposit,\u201d Crum said.<\/p>\n Investment income was lower than what was proposed last year. The authority\u2019s proposed 2026 budget expected $186,132 in investment income.<\/p>\n The sports authority also elected officers:\u00a0<\/p>\n Chris Jamieson as the chair On Aug. 31<\/a>, sports authority members approved an extension of the lease agreement with Texas Motor Speedway through 2036.<\/p>\n The authority also passed an agreed sublease between the speedway and Taylor & Martin LLC,<\/a> an auction house focused on the transportation industry, for the limited use of the speedway for trailer storage and sales purposes.<\/p>\n Fort Worth Sports Authority Meeting<\/p>\n Documenter: Patrick Banis<\/p>\n Dates: Aug. 11 and Aug. 31, 2026<\/p>\n Learn more about these meetings by clicking here<\/a>. For the Aug. 11 agenda, click here<\/a>. For the Aug. 31 agenda, click here<\/a>.<\/p>\n
\nMichael Crain as vice chair
\nNeil Barrow as secretary of the treasury
\nBob Jameson as assistant secretary of the treasury<\/p>\n