ALLIANCETEXAS GENERATES $83.74 BILLION IN ECONOMIC IMPACT FOR NORTH TEXAS
FORT WORTH, Texas (January 22, 2020)– AllianceTexas, the 26,000-acre master-planned, mixed-use community in north Fort Worth, continues to be one of the region’s most substantial economic engines with approximately $83.74 billion generated in regional economic impact and nearly $2.53 billion in total taxes paid to local public entities. According to the annual Insight Research Corporation report, more than $7.31 billion of the development’s economic impact was generated in 2019 alone.
An indomitable driver for regional success, AllianceTexas is home to 525 companies, which have built more than 50 million square feet, transforming the North Texas economy and connecting the area to global industry. Widely considered one of the most successful public-private partnership endeavors in the nation, total investment at AllianceTexas surpassed $10.5 billion in 2019, with a staggering $9.7 billion coming from the private sector. Public investment totaling more than $782 million has been invested in the project to date, representing a 12-to-1 private-to-public-dollar investment multiple.
“AllianceTexas’ success can be attributed to the continued collaborative relationship between public and private sectors, with a shared vision and goal for community and growth,” said Mike Berry, president of Hillwood. “AllianceTexas has experienc
ed incomparable success over the last year and continues to lead the region in attracting high-paying jobs in the technology, aviation and logistics, manufacturing and financial services sectors.”
Double the size of Manhattan and geographically encompassing six municipalities, four independent school districts and two counties, AllianceTexas has exponentially increased tax revenue for the public entities within the project. Since 1990, more than $2.52 billion has been paid in property taxes cumulatively to the Cities of Fort Worth, Haslet, Northlake, Roanoke and Westlake; Tarrant and Denton Counties; and Northwest, Keller and Argyle Independent School Districts. In 2019 alone, the project contributed nearly $242.8 million in prop
erty taxes to these local entities. Recent acquisitions have added the City of Denton and Denton ISD to AllianceTexas’ boundaries, providing additional economic impact and taxes paid in upcoming years.
In 2019, Hillwood announced several new projects that will further en
hance regional impact for decades to come. Bolstered by the progression of major projects such as the relocation of Charles Schwab’s corporate headquarters, the development of the AllianceTexas Mobility Innovation Zone, Callaway Golf Company’s national distribution center, Stanley Black & Decker’s national distribution center and manufacturing center, Schluter®-Systems’ regional distribution center and Stack Infrastructure’s data center, growth in the region will continue to be robust.
AllianceTexas features a range of shopping, dining, medical, recreational and entertainment options seamlessly integrated into its residential offerings, making it a great place to live. With a variety of single-family homes and townhome and multifamily units, Alliance Town Center remains the primary regional retail and entertainment destination for the entire north Fort Worth corridor.
For a more detailed overview of AllianceTexas’ economic impact report and additional information about the development, including expansive sections covering available asset classes, sector locations and lifestyle amenities, please visit AllianceTexas’ online resources page at: www.alliancetexas.com/resources.
AllianceTexas is an unparalleled regional success story that has transformed the North Texas economy and connected the area to global industry. Consisting of 26,000 acres, the Hillwood development is anchored by the world’s first dedicated industrial airport, Fort Worth Alliance Airport, and hosts one of the nation’s premier intermodal hubs. AllianceTexas is home to more than 525 companies which have built more than 50 million square feet and created over 62,000 jobs. The development’s estimated cumulative impact since 1989 is more than $84 billion for the North Texas region. AllianceTexas boasts corporate headquarters, healthcare providers, higher education centers, shopping and entertainment destinations, and vibrant residential communities. From the newest homeowner to the most well-known of Fortune 500 companies, opportunity thrives at AllianceTexas. For additional information, please visit www.alliancetexas.com.
Hillwood, a Perot company, is a premier industrial, commercial and residential real estate developer and manager with projects throughout North America and Europe. With a diverse portfolio of properties which have become home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers and partners and the communities in which we serve. Hillwood also served as the lead developer of marquee projects nationwide, from the Air Force Memorial in Washington, D.C. to the Perot Museum of Nature and Science and the American Airlines Center in Dallas. For additional information, please visit www.hillwood.com.
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