Division I Men's Basketball Committe Chair and Southeastern Conference Comissioner Mike Slive indicated the process was competitive and grueling in a NCAA news release.
This is the second Final Four to be hosted in the north Texas area, as Dallas' Reunion Arena hosted the event in 1986.
Arlington's new Cowboys Stadium factored largely in the decision.
"When finished, the new stadium in Arlington will create a flexible 'canvas' for the Final Four. We think the venue offers exciting opportunities and a unique experience for everyone involved," said Slive.