Dallas to Give AT&T $11.5 Million, In Exchange for $2.2 Billion

At this very moment at City Hall, the city council's Economic Development Committee is discussing myriad topics as it gets back to work, chief among them AT&T's relocation to Dallas, as announced on June 27. This morning's briefing includes further details about the move, including AT&T's moving its air fleet to Dallas and taking over a hangar at Love Field. But it also details the economic incentives the city has offered to AT&T in order to lure it away from San Antonio, which are detailed on Page 6 of the document and add up to $11.5 million over 10 years, assuming AT&T stays in Dallas for at least five years. Which sounds like a good deal, as the city guesstimates AT&T's relocation will have a "$2.2 Billion economic impact to the city of Dallas over 10-years." Also being discussed today, in closed-door executive session: "Arts District Parking Garage." --Robert Wilonsky

KEEP THE DALLAS OBSERVER FREE... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.
Robert Wilonsky
Contact: Robert Wilonsky