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AllianceTexas generates $7 billion in 2019

Posted Jan. 28, 2020

aerial shot of AllianceTexas
Charles Schwab's corporate headquarters is under construction in AllianceTexas.

AllianceTexas, the 26,000-acre master-planned, mixed-use community in north Fort Worth, continues to be one of the region’s economic engines, with approximately $83.74 billion generated in economic impact and nearly $2.53 billion in total taxes paid to local public entities over the life of the development.

According to the annual Insight Research Corporation report, the development generated more than $7.31 billion in economic impact in 2019.

AllianceTexas is home to 525 companies, which have built more than 50 million square feet.

Total investment at AllianceTexas surpassed $10.5 billion in 2019, with $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 experienced 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 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 property taxes to these local entities.

In 2019, Hillwood announced several new projects that will further enhance regional impact for decades to come. Growth in the region is bolstered by major projects such as relocation of Charles Schwab’s corporate headquarters, development of the AllianceTexas Mobility Innovation Zone, Callaway Golf Co.’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.

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Building Standards Commission Pre-Meeting: 9 a.m. Feb. 24, 2020; City Council Conference Room 290, 2nd Floor, City Hall, 200 Texas St.
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Building Standards Commission Meeting: 9:30 a.m. Feb. 24, 2020; City Council Chamber, 2nd Floor, City Hall, 200 Texas St.
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Trinity Metro Board of Directors Meeting: 3:30 p.m. Feb. 24, 2020; Fort Worth Central Station, Downtown Fort Worth, 2nd Floor Community Room, 1001 Jones St.
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Altamesa Boulevard Sidewalks Project Meeting: 6 p.m. Feb. 24, 2020; Southwest Community Center, 6300 Welch Ave.

Canceled Disciplinary Appeal of Two-Day Suspension of Timothy Fornash: 9 a.m. Feb. 25, 2020; Fort Worth Botanic Gardens, Camellia Room, 3220 Botanic Garden Blvd.
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Meet and Confer Negotiations between the City of Fort Worth and Fort Worth Police Officers Association: 2 p.m. Feb. 25, 2020; Bob Boen Public Safety Complex, Police Training Classroom No. 1135, 505 W Felix St.
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Canceled City Council Work Session: 3 p.m. Feb. 25, 2020; City Council Conference Room 290, 2nd Floor, City Hall, 200 Texas St.

Donnelly Avenue & Sanguinet Street Sidewalks Project Meeting: 6 p.m. Feb. 25, 2020; Amon Carter Center at Lena Pope, 3200 Sanguinet St.

Canceled City Council Meeting: 7 p.m. Feb. 25, 2020; City Council Chambers, 2nd Floor, City Hall, 200 Texas St.

Warrant Forgiveness: 9 a.m. Feb. 26, 2020; Boys & Girls Club, 3123 Avenue G..

Fort Worth Sports Authority, Inc. Board Meeting: 10 a.m. Feb. 26, 2020; Fort Worth Convention Center, Executive Board Room, 1201 Houston St.
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Metropolitan Area EMS Authority DBA MedStar Mobile Healthcare Board of Directors: 10 a.m. Feb. 26, 2020; MedStar Mobile Healthcare, 2900 Alta Mere Drive.
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City Plan Commission Work Session: noon Feb. 26, 2020; City Council Conference Room 290, 2nd Floor, City Hall, 200 Texas St.
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City Plan Commission Public Hearing: 1:30 p.m. Feb. 26, 2020; City Council Chambers, 2nd Floor, City Hall, 200 Texas St.
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Park and Recreation Advisory Board Work Session: 3 p.m. Feb. 26, 2020; Deborah Beggs Moncrief Garden Center, Fort Worth Botanic Garden, 3220 Botanic Ganden Blvd.
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Park and Recreation Advisory Board Meeting: 4 p.m. Feb. 26, 2020; Deborah Beggs Moncrief Garden Center, Fort Worth Botanic Garden, 3220 Botanic Garden Blvd.
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Beach & Basswood Intersection Improvements Project Meeting: 6 p.m. Feb. 26, 2020; Summerglen Library, 4205 Basswood Blvd.

Warrant Forgiveness : 9 a.m. Feb. 27, 2020; Como Community Center, 4660 Horne St.

The Regional Transportation Council Meeting: 10 a.m. Feb. 27, 2020; The Transportation Council Room, 1st Floor, North Central Texas Council of Governments, 616 Six Flags Drive, Arlington, TX 76011.
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Marine Creek Ranch Park Project Meeting: 6 p.m. Feb. 27, 2020; Parkview Elementary School, 6225 Crystal Lake Drive.

Deferred Compensation Oversight Committee: 9 a.m. Feb. 28, 2020; Fort Worth Credit Union Board Room, 2309 Montgomery St.
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