Author Archives: Arlington UJP

General Motors Arlington Plant

 

general motors building

Everyday from sunrise until sundown and in between shifts of workers work inside and outside of the General Motors Plant in Arlington.  An expansion plan has started for the plant priced at the amount of $1.4 billion. Construction crews are working on the west end of the motor plant prepping the new body shop. This project is going to clock in at three years.

Plant manager Juan Carlos Jiminez has said they do not want to impact customers with a shut down so that is why work is still going on inside the plant, The downtime could have saved them some extra money but at the cost of not producing enough for their customers. This allows for the construction expansion and inside assembly work to be done at the same time inside of the plant.

General Motor’s plant in Arlington employs around 4,000 people. They build the Chevrolet Tahoe and Suburban, Cadillac Escalades and GMC’s Yukons. GM is a major fixture in this part of the SUV market as they have a share of around 75 percent of the market, making this a profitable and important plant.

Strong sales of those trucks have allowed GM to dominate the full-size SUV market, commanding about 75 percent of the highly profitable segment. Demand for their product is evident in the amount of work being put in at the factory. Autoworkers at the plant work some six days a week and can take some sort of overtime on Saturdays and there is even a few times workers can volunteer to work overtime on Sundays.

The plant is fully efficient cranking out as many SUV units as it can because of the high demand that is staying quite strong. As gas prices are trending at around $2 per gallon this comes as no surprise that SUVs and trucks are accounting for a large amount of sales in the United States.

It is expected to build about 300,000 vehicles this year. Arlington’s SUVS are some of the most profitable vehicles and average profits of about $10,000 per each vehicle created.

Details of the Expansion

GM has stayed tight lipped on any exact specifications for the new expansion but it will include paint and body shops along with some high tech equipment.  The new expansion will add around 1 million square feet. Inside of it will include automated robotics that currently weld together the SUVS and send the cars through the conveyor belts.

Others have remarked that the new additions will catch up with the future. The demand for these products spreads throughout the world and they will need to have the necessary equipment to deal with this.  GM is an industry leader right now in this section and it only makes sense for them to take full advantage of this opportunity by expanding. They will be able to meet demands in other countries and increased need in the United States. The expansion will come along great as they continue working inside at Arlington.

 

Improving Financial Literacy

It’s never too late to become an expert in the area of finance. Being financially literate is something that will help you tremendously, no matter what your phase of life. But finance is not something that is easily mastered, and as a beginner, it can be overwhelming and discouraging to try to learn the ins and outs of good financial practices. However, now matter how overwhelming, good financial management could easily be one of the most important things you will ever learn. Here are some tips and resources to help you on your path to becoming financially literate.

 

Find a Good Financial TV or Radio Show

Find a financial wizard that you admire and start listening to or watching their show regularly. You’ll be surprised at how much you’ll pick up over time. These types of shows typically have real-life examples, and you can hear the advice that the expert gives to ordinary people. They also help educate you about current financial regulations and how best to invest your money. A great TV show to watch when you want to learn how to manage money is The Suze Orman Show. Suze Orman is a brilliant financial guru. One of the best segments on her show is “Can I afford it?”, which is where people call in and give a basic overview of their finances and what they’d like to purchase, and she tells them whether they’re making a smart or a bad financial decision. Watching or listening to your favorite financial show can help you apply what you’re learning to your own situations, and the repetition of watching or listening over time will cement in place the principles that the expert is teaching. Visit http://www.suzeorman.com/the-suze-orman-show/ to learn more.

 

Read Financial Books

There are a lot of self-help financial books that promise to teach you the basics of good financial practices. Get a book with actual worksheets to help you apply what you’re learning to your own personal finances. A great author that I would recommend very highly is Dave Ramsey. He is a well-known expert on all things financial and helps teach you how to take control of your money. Find books and advice about budget helps, getting out of debt, and improving your overall financial stability at http://www.daveramsey.com/home/.

 

Participate in a Seminar

Whether you consider yourself a complete financial amateur, or you know a little about finance already, attend a local financial seminar. Seminars can range from beginner to expert, and are a great way to get started on the path to becoming financially literate. These seminars provide opportunities for you to ask questions to experts, choose specific classes that apply to you personally, and help you learn how to be smart with your money. Seminars also can educate you about different types of loans that are available in the market, everything from reverse mortgages to title loans online, and how to best choose the loan that’s right for you.

 

It’s never too late to start improving the outlook of your future by becoming a financial wiz. Don’t be intimidated by finances. Follow these steps and help yourself find the path to financial security.

A Look at New Development Texas Live!

Globe Life Park, home to the Texas Rangers of the MLB

Globe Life Park, home to the Texas Rangers of the MLB

Globe Life Park located in Arlington, Texas is home to the Texas Rangers American League Baseball team. This a booming part of Arlington, however many feel the area can benefit from an entertainment district, located close to the baseball field. After talks of developing an entertainment area across the street from the baseball field, the Arlington City Council unanimously voted to approve the project. Mayor Jeff Williams and Rob Matwick, Executive Vice President of Business Operations for the Texas Rangers, both announced a $200 million dollar project in the works, which will be known as Texas Live!.

What kind of entertainment to expect
Texas Live! will be located just south of the baseball stadium and offer a 100,00 square foot dining and entertainment space. What exactly is included in an entertainment district? Arlington is taking note from places like St. Louis and Kansas City to develop an area with a variety of shops, restaurants, a 300-room hotel, and 35,000 square foot meeting and conference space. In addition to building an array of new buildings for the entertainment district, Arlington officials said that they want Texas Live! to be known for free public events for the community. It is really to keep the area thriving, even when the Rangers are not playing at home or during the off season.

Money to support Texas Live!
Residents of the Arlington area will be happy to know that there will be no new debt or taxes they have to pay for the project. The city will be taking money from the $100 million Arlington Tomorrow Fund, which was created from natural gas drilling revenues. About $50 million will be invested into the project from these funds, while the additional $150 million will come from a private sector investment. Revenue that is generated from the Texas Live! district will eventually go back into Arlington neighborhoods. It is the hopes that this money will help to strengthen economy in the region, while drawing more tourists to the area.

Construction of Texas Live! and job growth
It is going to take a while before Texas Live! is up and running, but construction is expected to begin quickly in 2016. Hopefully, the entire project will take just 12 months to complete and be ready in the summer of 2017. Texas Live! buildings are going to be built on a parking lot of the Globe Life Park, but there will still be plenty of parking for baseball games. Mayor Williams expected the development of the project to produce 1,800 new jobs, which is great for the city.

An entertainment district like this has been talked about for years, even before the Globe Life Park Stadium was built. The Rangers baseball team really pushed to get this project off the ground, and the vision is finally going to become a reality. Co-chairman for the Rangers, Ray Davis, says this first-class entertainment complex will be a tremendous addition to the area. We bet many people in Arlington agree, and look forward to hearing what locals in the area have to say about the addition of Texas Live!.

What Is A Secured Loan?

A secured loan is a sum of money, which comes attached with collateral. Under this loan, a borrower has to pledge some asset, for example; a property or a car, as collateral for the loan. The collateral (pledged asset) is a type of security or surety for the loan and the bank or loan providing company can collect it if the borrower defaults or misses the loan payment.

 

One of the most important things about this type of loan is that it is offered at a lower interest rate because the bank here remains at a lower risk, thanks to the collateral or pledged asset surrendered at the time of taking the loan. Besides, a secured loan also works as the best way to build credit score if you go through a reputable lender like a credit union or a bank.

 

How does it work?

 

Before providing you with the loan amount, the bank will undertake a pledge in the form of an assurance over one or more of your assets. This is the asset that is actually purchased using the funds from the loan, thereby, securing the legal right to take possession in the future if you happen to default the same.

 

Types:

 

Following are some of the types of secured loans offered mostly by the banks these days:

 

1)  Title loans

 

A title loan, also known as title pawn in some states, is a type of secured loan. This is considered to be the most convenient and quickest way for people who own their motorcycle or car to get cash. It is very simple to get a title loan or title pawn. As long as you own your motorcycle or car, and possess its lien-free title, you can use it as collateral to get the cash you need.

Under this loan, a borrower has to use his/her vehicle as collateral. The vehicle is returned as soon as the loan is repaid. While you can find an end number of title loan providing banks all over the world, the providers of title loans in Arlington have really carved a niche among the Arlington-based loan-seekers by virtue of their hassle-free mode of secured loan.

 

2)  Mortgages

 

Mortgages are similar to title loans, but under this, the bank agrees to lend money in exchange for taking the debtor’s property.

 

3)  Certificate of deposit

 

CD (certificate of deposit), a form of savings account, can also be used to obtain loans. Under this, you can build a credit history with the bank and proceed with the same.

 

Advantages Of A Secured Loan

 

Like mentioned previously, secured loans are frequently used by some to build a successful credit score. Not only this, but there are also many other benefits of the secured loans:

 

– There is generally less risk involved with the type of lending method.

– Interest rates are comparatively lower than other types of loans.

– They are easier to get without having to go through a tedious process.

 

Pointers to keep in mind

 

While choosing a secured loan, there are certain key things that should be kept in mind, for example;

 

1)  Interest rates

 

The loan should provide a reduced interest rate and amounts that can be switched easily when it comes to making the payments.

 

2)  Flexibility

 

Flexibility in terms of payment periods and other similar additional clauses should be assessed before choosing the right loan.

 

3)  Financial aspect

 

Consider your personal financial aspect before you get any loan. You should assess how the loan will affect your total debt instead of thinking only in short term basis. Create a budget and stick to it.

 

Secured loans are primarily offered by all banking societies, but it is essential to consider all possibilities before getting into one.

$200 Million Development Deal Approved with Rangers

rnagers

People are still speculating as to whether or not the Rangers will make the big move to Dallas, while the Arlington City Council is proving that they have the mettle to keep the team by unanimously approving a $200 million deal that would develop a facility directly across the street from Globe Life Park.

 

It’s an unspoken tactic to keep the Rangers in Arlington. But it just might work. In the development meeting, the Arlington City Council reminded everyone of the team’s “long relationship” with the city of Arlington again and again.

 

This $200 million development deal could be the added incentive for the Rangers to stay put. Arlington Councilman Jimmy Bennett again reminded everyone of the long-time positive relationship that the city has held with the Rangers in a recent statement. “They’ve been in our community and been a valuable member for so long. It just speaks volumes to our relationship. And I just think it’s a mistake for people to underestimate Arlington,” Bennett said.

 

Arlington Mayor, Jeff Williams, agreed with Bennett. “Arlington’s partnership with the Texas Rangers spans more than four decades and it’s one that our residents cherish. The Rangers are a key component to making the Entertainment District such a vibrant part of our city and the whole North Texas region.”

 

They’ve successfully proven that they want to continue their relationship with the Rangers with their recent affirmations along with the far more telling pricetag they plan to pay to keep the team in Arlington. The development plans themselves are extremely impressive. Dallas would have to work hard to beat the complex that Arlington has promised the Rangers.

 

It’s a 100,000-square foot structure situated where the current Rangers Parking Lot A is located. The massive development plans to include retail opportunities, restaurants, entertainment venues, and a major event space. But that’s not all, folks. In addition to the main structure, a hotel boasting 300 rooms with an attached state-of-the-art convention center will also be on the development site.

 

$50 million of the funds will come from the Arlington Tomorrow Foundation, provided by the city. The revenues stem from oil and gas revenues generated by the city, and are channeled into community-boosting projects. But the community projects are normally on a much smaller scale than this megalithic undertaking that Arlington is planning on executing.

 

The benefit to using this existing foundation to fund the development is that there will be no new taxes implemented, and the citizens of Arlington will not feel the financial burden. Funds are limited to previously-existing financial resources, so Arlington already has the money to front the substantial bill.

 

The Rangers themselves will carry the rest of the financing, as an investment to the future of the team in Arlington. It’s a $150 million investment, but a smart one. The Rangers’ Executive Vice President of Business Operations Rob Matwick confirmed this in a recent statement.

 

“For the more than 8 million people and visitors that come to the Arlington Entertainment District each year, this project will provide world class entertainment, restaurants, hospitality and allow our guests to come early and stay late,” Matwick said. “Beyond the game, we’re committed to creating a dynamic, best-in-class, 365 day-a-year destination that thrives on non-game days. With your affirmative vote tonight, the Texas Rangers are ready to deliver.”

Cotton Bowl to Take Place in Arlington

cotton bowl

Every year, several parts of the country are host to different college bowl games. College football teams work hard every season to make it to these bowl games, in hopes of winning against their opponent. This year is the 80th annual Cotton Bowl Classic, which is sponsored by Goodyear. AT&T Stadium in Arlington, Texas is host to the Cotton Bowl, taking place on December 31, 2015. ESPN will provide both the radio commentary and televised viewing of the football event on New Year’s Eve. It was announced in the beginning of December that the number 2 ranked Alabama, will be taking on the number 3 ranked Michigan State during the 2015 Cotton Bowl.

 

A look at AT&T Stadium

AT&T Stadium in Arlington, Texas his home to the professional NFL team, The Dallas Cowboys. The stadium can seat about 80,000 people, which was completed in 2009. There is a retractable roof, which is a nice domed structure, allowing fans to enjoy games and other events, even when bad weather ensues. AT&T Stadium also has one of the largest high definition video screens, which hangs in the stadium from one 20-yard line to the other 20-yard line. Because of its dynamic size and dome like features, AT&T Stadium is host to other events ranging from other sporting events to concerts to Spartan races. In 2010 the Cotton Bowl Classic moved locations to AT&T stadium, and has been played there ever since.

 

What visitors can do in Arlington Texas

Although very close to Dallas, Texas, the bowl game is actually located in Arlington, Texas. There are several places to visit and great places to eat, if you are visiting for the Cotton Bowl game. Six Flags Over Texas is located in Arlington and is host to a winter wonderland event. It is a family friendly event with interactive activities and rides. The park is open from 11am to 7pm daily until January 6th. If you are looking to keep with the sports theme, you can always attend the International Bowling Museum & Hall of Fame. It was once located in St. Louis, Missouri, but moved to Arlington, Texas in recent years. The museum features cool bowling artifacts, photos, and stories of legends in the professional world of bowling.

 

When traveling it is always nice to find a new location to eat dinner. There are several amazing options available, which are located minutes away from AT&T Stadium. The Melting Pot provides guest with pots of cheese, broth, and chocolate for a fondue experience. Piranha Killer Sushi is a great place if you are looking to indulge in sushi or seafood. You can learn more about places to eat when visiting Arlington for the Cotton Bowl here.

 

Michigan State fans will have to travel a little bit further than Alabama fans, but this year’s Cotton Bowl is sure to fill the stadium with a great energy. Tickets are already sold out for the event, but you might get lucky if you try for tickets through a Cotton Bowl season ticket holder. We can’t wait to see which team comes out on top at the 80th annual Cotton Bowl.