DALLAS - The Dallas City Council has established a local government corporation to issue lease revenue bonds that will finance the construction of a large hotel near the city's downtown convention center.

The newly created Dallas Convention Center Hotel Development Corp. will act for the city by issuing the tax-exempt bonds with approval by the City Council. The three-member board of directors includes first assistant city manager Ryan S. Evans and Frank Poe, convention and event services director for the city, which will own the hotel.

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