The Dallas Area Sports Economy The impact and costs of the sports economy in the Dallas-Fort Worth metroplex are hard to quantify. But, regional officials and several economists agree it is significant. Here is a glimpse at the development and impact of sports in the North Central Texas region.
Lots Going On: “Since Cowboys Stadium opened in 2009, the region has held the attention of sports fans in perhaps an unprecedented way. The Super Bowl and NBA All-Star Game were played at AT&T Stadium in back-to-back years. The Texas Rangers hosted the World Series in consecutive years in 2011 and 2012, while the Dallas Mavericks won the NBA championship in 2011. The NCAA men’s basketball Final Four will be played April 5 and 7 (2014) in Arlington. And early next year (2015), the NCAA returns with its first College Football Playoff championship. North Texas is competing to land another Final Four between 2017 and 2020. The Dallas Convention & Visitors Bureau has seen a 66 percent increase in bookings of sports events in the past three years. Monica Paul, the bureau’s vice president of sports, attributes at least some of that to publicity from high-profile events in Arlington.” –Dallas Morning News, March 10, 2014
Texas Major Events Trust Fund: The (state-operated) trust fund, which had disbursed more than $206.6 million as of Feb. 5, 2016, was created to help local governments and local organizing committees recoup some of the expenses they incur when hosting major events, including Super Bowls, NBA All-Star Games and the Formula One U.S. Grand Prix in Austin. The state contributes $6.25 for every $1 in local contributions, with the disbursements capped at an amount equal to the additional taxes the event generates. –Dallas Morning News
AT&T (Cowboys) Stadium, home to the Dallas Cowboys of the NFL, is a city-owned 80,000-seat stadium with a retractable roof in Arlington. It was completed on May 27, 2009 and is often referred to as "Jerry World" after Dallas Cowboys owner Jerry Jones, who originally envisioned it as a large entertainment mecca. Originally estimated to cost $650 million, the stadium's actual construction cost was $1.15 billion, making it one of the most expensive sports venues ever built. To aid the Cowboys in paying the construction costs of the
new stadium, Arlington voters approved a sales tax increase of 0.5%, a hotel occupancy tax increase of 2%, and car rental tax increase of 5%. The City of Arlington provided over $325 million (including interest) in bonds as funding, and Jones covered any cost overruns. –Dallas Morning News
New Texas Rangers Stadium: It seems Dallas and nearby Arlington have been in a years-long battle to secure the new stadium for the Texas Rangers. (The current home to the Rangers opened in 1994 in Arlington.) This summer Arlington grabbed the bull…and the Rangers by the horn with a proposal to commit $500 million in public money to the project if Arlington voters approve a proposal for a new stadium. That would be the second-highest public outlay yet in Major League Baseball — and nearly twice the average subsidy for ballparks built since 2000. Only one National Football League stadium, in Indianapolis, had a higher taxpayer contribution. And no arenas for pro basketball or hockey reach that mark, according to researchers tracking the deals. Adjust the numbers for inflation and the Rangers’ public share would still be No. 2 in baseball, although three NFL stadiums would eclipse it. No matter how you count it, taxpayers would pony up in a major way. Arlington leaders emphasize that the Rangers pledge to spend as much as the public. Such a 50-50 cost-
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sharing arrangement is better than the average MLB deal, but it doesn’t justify overpaying for a sports venue in North Texas. –Dallas Morning News, June, 2016
Victory Park: Home to American Airlines Center and the Mavs: Once upon a time (1997), Ross Perot Jr. (yes, that Perot), the then-owner of the Mavericks, and Tom Hicks, the then-owner of the Stars, wanted to create an urban lifestyle destination anchored by the American Airlines Center in a blighted area of downtown Dallas…The American Airlines Center opened and the recession hit the development, called Victory Park, harder than most areas of the region. But after a new game plan and some much-needed TLC, Victory Park… is on the verge of becoming the next "it" spot in Dallas with 2,500 multifamily units, over 160,000 square feet of retail, entertainment, and office space.
City voters approved a ballot measure for the (basketball) arena, to be partially funded with $125 million from hotel and car rental taxes and Perot pledged to reclaim a contaminated brownfield site that housed an old power plant, railroad yard and landfill debris. Perot’s company, Hillwood, won acclaim for “one of the greatest examples of urban remediation,” regulators said.—Dallas Morning News, September 9, 2016
Mark Cuban No Demands Negotiation with City: Cuban, current owner of the Mavs, is now getting into the venue improvement race with plans for a new state-of-the-art practice facility across the freeway from the American Airlines Center. Cuban’s development could eventually include a variety of features, including a team store, public cafe, a museum, theater and outdoor plazas with water features. Cuban touts his “no demands” negotiation with the city.” In terms of my negotiation with the city and playing one municipality off another, it didn't happen," Cuban said. "I didn't ask for a penny. I didn't want a penny. I didn't hold anybody hostage and say, 'Listen, so and so has offered me land.' And I was offered land. This city or this municipality offered to do A, B or C. None of that whatsoever. There's a time for that type of thing. But in this particular case, I feel like I owe the city of Dallas more than they owe me. And they don't owe me anything." –Dallas Morning News, June 2, 2016
Frisco (suburb 28 miles north of Dallas) is in a unique position with all of its sports offerings. The Frisco Chamber of Commerce hosted a luncheon Wednesday to talk about the business of sports in Frisco with three men: Dan Hunt, president of FC Dallas; Chuck Greenberg, former managing partner and CEO of the Texas Rangers and now owner of the Frisco RoughRiders (minor league baseball); and Donnie Nelson, the Dallas Mavericks president of basketball operations and owner of the Texas Legends (of the NBA development league).
…A recent study of (Hunt’s) team’s impact in Frisco shows 939,000 visitor days each year, $81 million in direct economic impact and 399 full-time jobs. Hunt said 2016 will be the busiest year in the history of Toyota Stadium with all the events, concerts and three appearances by the U.S. Women’s National Soccer Team.
All three men lauded the city’s leadership for its partnerships. Greenberg referred to the extraordinary vision that grouped these teams in one city. They plan to welcome the Dallas Cowboys (indoor training facility) to the neighborhood next year with open arms. Greenberg said the RoughRiders have been the No. 1 drawing team in minor league baseball with impressive numbers this season with the recent ballpark renovations. Nelson said...the sports phenomenon in North Texas is unprecedented. “What we’ve created is the global sports utopia that paves the way for all kinds of business opportunities,” Nelson said. “I’ve never seen anything like this.” --Dallas Morning News, August 28, 2015
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THE HOME TEAM
Many sports organizations call the Dallas area home, including professional teams, collegiate
athletic conferences, and local organizations. Here is a partial list of those groups.
Professional
Collegiate
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The Hunt Family and Sports in Dallas and KC
The Hunt family may be known as the football family of Kansas City, but in Dallas, Texas they have taken a role in a different sport. The Kansas City Chiefs are not Clark and Dan Hunt’s only ownership responsibilities, as they also have leadership roles with Dallas’ Major League Soccer team, FC Dallas.
Last May the Hunt brothers announced plans for a $39 million dollar renovation to FC Dallas’ Toyota Stadium in Frisco, Texas, a northern suburb of Dallas. The renovation will add thousands of square feet for both fans and teams including new locker rooms, a private club, premium seats, and the National Soccer Hall of Fame Museum.
The National Soccer Hall of Fame has been lacking a permanent home, and Clark and Dan Hunt viewed the Toyota Stadium renovations in Frisco as a tremendous opportunity to provide one. Once complete, the soccer museum will be the first of its kind to be built within a stadium, according to the Dallas Business Journal.
"For the community and FC Dallas, the National Soccer Hall of Fame will bring national attention and anyone that comes to this complex will get a chance to see the great men and women that have brought this sport to what it is today. We have more than 5,000 players in the FC Dallas youth system and anyone that comes to this complex will be able to soon see the generations of soccer players,” Clark Hunt told the Dallas Business Journal.
The Hunts also have a family background involving the Hall of Fame. Their father, Lamar Hunt, was inducted in 1982 for his help in building Major League Soccer into a popular sports league in the United States.
From Kansas City to Dallas the Hunt family has certainly put their mark on local sports teams, and local sports communities as well.
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Fort Worth’s Sundance Square
For years Fort Worth has been a city known for its Western heritage and pride of the cowboy roots it was built from. The image of a longhorn can be seen all over the city, even on the state flag. Downtown Fort Worth, however, has taken a different approach to the historic area with Sundance Square, an uptown 35‐block district filled with shops, galleries, restaurants, and live entertainment almost every night. Sundance Square began in 1979, when Bass Brothers Enterprises (the Bass brothers inherited the fortune of their uncle, oil tycoon Sid Richardson) family was responsible for the original discovery of oil in Texas) started buying land and buildings in downtown Fort Worth, an area which was experiencing severe urban decay. They renovated old buildings and constructed new ones, opened restaurants and nightclubs, and transformed downtown from a place to be avoided to a place to be entertained. In homage to Fort Worth’s past, they named the district after the Sundance Kid, who with his more famous partner, Butch Cassidy, often visited downtown Fort Worth for recreation.
Sundance Square continues to evolve and improve. In 2013, Sundance Square Plaza opened, with two class “A” office buildings on the corners, a spectacular fountain display and state‐of‐the‐art broadcast wiring to allow it to host game day broadcasts from ESPN.
Sundance Square’s popularity and diverse offerings have led it to be recognized as one of the most exciting and successful downtown areas in America. It has received both the James C. Howland Award from the National League of Cities and the Award of Excellence from the Urban Land Institute, awards given for projects that have successfully advanced urban areas. It was also selected as the production center for ESPN College Gameday and the NCAA Final Four in 2014.
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DFWI's 2015 "State of Downtown" Captures Remarkable Growth May 13,2016
FORT WORTH, Texas, May 13, 2016 /PRNewswire‐USNewswire/ According to data from the Downtown
Fort Worth, Inc. 2015 State of Downtown Report, downtown has maintained a 91.9% average retail
occupancy rate and experienced a 89.9% increase in clothing store sales since 2006. Findings from the
report also indicate a growing demand for downtown housing. Apartment occupancy remained above
96.5% for the year. Investment in downtown housing is expanding, currently 2,532 residential units are
planned or under construction which is a 73% increase in downtown housing inventory. (Fort Worth
reports there are currently about 6,000 downtown residents.) Downtown Fort Worth is the largest
employment center in Tarrant County, generating over $3 billion in payroll with more than 48,150 total
jobs.
"Demand for downtown real estate is expanding
in all sectors," said Jack Clark, President at Red
Oak Realty and DFWI Chairman. "In the pipeline
we have 14 residential developments, 3 hotel
developments, 56,000 square feet of new retail
and a 25 story tower bringing 304,000 square feet
of office and retail space. It's an exciting time to
be a part of Downtown."
2015 State of Downtown at a glance:
Population and Housing:
Downtown's population has increased by 112.7% since 2000.
18.2% increase in average apartment rent since 2006.
100 condominiums sold in 2015 at median price of $255,000, increase of 15.9% over 2014.
2,532 residential units planned or under construction, representing a 73% increase in downtown apartment inventory.
Office & Employment:
Downtown has over 48,150 employees with a total payroll of more than $3 Billion.
542,612 SF of office space has been added since 2013, with an additional 258,900 under construction.
Retail:
Average retail occupancy of 91.9% since 2006.
85.9% growth in clothing store sales since 2006. Hospitality:
670,000+ room nights sold in 2015.
$106+ million in downtown hotel revenue in 2015. Transportation:
Transit use in downtown increased by 55.4% since 2006. Tax Collection:
Over $130,000,000 in sales taxes paid in downtown in 2014, an increase of 13% over 2013.
Over $62,000,000 in property taxes paid in downtown in 2015.
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natural beauty is a key inititative, including the planting of over 80,000 native oak and pecan trees.
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Ft. Worth Mayor Betsy Price Price has received kudos for her work to make Fort Worth a healthier city. Below are excerpts from three articles discussing her efforts to make Ft. Worth a healthier place to live.
Fort Worth’s mayor kicks off rolling town halls FORT WORTH STAR TELEGRAM – MARCH 18, 2015 Residents of Fort Worth, strap on your helmets — Mayor Betsy Price’s Rolling Town Halls are back. If you want to chat with Fort Worth’s on‐the‐go mayor, the rolling town halls Price started in 2012 may be one of the best places to catch her, and Wednesday’s 2015 kick‐off at The Modern was no exception.
About 100 cyclists showed up for the town hall, and Price heard residents on a variety of issues, from road conditions and potholes after the recent ice storms to questions about how the city is involved in education.
“We started the rolling town halls partly out of selfishness, because I like to cycle and I’m very busy and I have to find time to do this,” Price said. “And so I thought, what better way to get out and engage people, catch them where they live, and take them to see different parts of the city. It has just been really successful.”
Texas Mayor Hopes to Turn Cow Town into Long‐Living 'Blue Zone' NBC News – April 7, 2015 Fort Worth Mayor Betsy Price wants to turn her Texas cow town into an oasis of healthy living.
"This isn't about living longer," Price told NBC's Cynthia McFadden. "This is about having more life in your years."
A recent Gallup‐Healthways poll measuring well‐being ranked Fort Worth 61st out of 189 cities across the country after assessing a variety of health‐related factors, including stress management and physical health. To get there, Price has turned to Dan Buettner and his "Blue Zones" approach to health.
Buettner, a National Geographic fellow, spent 10 years searching for spots around the globe that had the highest number of citizens living long and healthy lives. He dubbed those places—Okinawa, Japan; Ikaria, Greece; the Nicoya peninsula of Costa Rica; Loma Linda, Calif.; and Sardinia—Blue Zones.
From studying those zones of longevity, Buettner came up with a list of lifestyle modifications that seemed to improve not only lifespan, but also health near the end of life. He described these and other lifespan extending modifications in his new book.
And Fort Worth may offer the opportunity to show just how powerful those lifestyle changes can be. Price's first success came with a fitness challenge she issued to Fort Worth's children. "The kids (and their parents) tracked their screen time, their activity time, their water intake and their fruit and vegetable intake," she said. The results: a 4 percent weight loss. So far, 25,000 children have completed the challenge, Price said, adding that "3,400 of those kids have gone from being obese to a healthy weight."
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AllianceTexas: Big Big Texas Development
Everything’s bigger in Texas. And, nothing about the Alliance development in Fort Worth would suggest anything to the contrary. This 18,000-acre, master-planned, mixed-use development by Hillwood - a Perot Company, is recognized as one of the most successful public-private partnerships in the nation and has generated approximately $60 billion in economic impact, created over 45,000 jobs and dramatically transformed north Fort Worth and surrounding communities.
AllianceTexas envelops the world’s first industrial airport, Fort Worth Alliance Airport, and includes the Alliance Global Logistics Hub, the nation’s largest inland port. Alliance Global Logistics Hub, boasts two Class I rail lines, the industrial airport, and connecting state and interstate highways. Both BNSF and Union Pacific have significant operations in the Alliance development and many corporate sites have direct taxiway access to the airfield. Stemming from this strong infrastructure system are corporate campuses, office complexes and tech centers, destination retail and entertainment venues, residential housing, apartments, schools, churches and community shopping.
In 2012, AllianceTexas surpassed the $1 billion milestone in paid property taxes to eight taxing entities, including the cities of Fort Worth, Roanoke, Haslet and Westlake, as well as Tarrant and Denton Counties, and the Keller and Northwest Independent School Districts. AllianceTexas is home to more than 425 companies including those listed below.
Current AllianceTexas Residents
AT&T Bell Helicopter BNSF Bridgestone DynCorp International Exel Ford General Mills GM FedEx Freight
GENCO ATC Lockheed Martin Mercedes Benz Financial Services Ryder TD Ameritrade Union Pacific UPS Supply Chain Services
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TCU: A University in Transition Texas Christian University (TCU) is not only the alma mater of some of Kansas City’s best and brightest and the current home of several KC area undergrads, it’s a university in transition and on the rise—and Fort Worth is the better for it. According to Homer Erekson, Dean of the TCU Neeley School of Business and former Dean of the UMKC Bloch School, TCU is collaborating with the Fort Worth business community to foster new and innovative enterprises, serving as a laboratory for the fine arts and partnering with an area public university to open a new medical school in the heart of the city. Read about each below. Higher Education and Business: A Partnership for Innovation and New Business Growth TCU’s undergraduate program in entrepreneurship at the Neeley School of Business is ranked No. 6 in the country, up from No. 9 last year, by Bloomberg Businessweek. Below are a few highlights from the Neeley program.
Ventures and Values Competition: It started in 2011 with only six teams. Today, the competition is the largest solely undergraduate business plan competition in the U.S. The competition hosts a diverse pool of participants and aims to provide a platform for undergraduate entrepreneurs. The annual competition is open to any undergraduate student around the world with a business plan for a for-profit enterprise with a social purpose. The University of Notre Dame and Harvard University are among past competitors. More than $60,000 in award money is provided with first place receiving $25,000.
TCU Rewards Entrepreneurial Spirit in Texas High Schools: Ten years ago, the Neeley Entrepreneurship Center set out to introduce TCU’s entrepreneurship program to high school students across Texas. Over the years, the TCU Texas Youth Entrepreneur of the Year Award, sponsored by BBVA Compass Bank, has given $100,000 in scholarships to 60 outstanding entrepreneurial students. Student-Run Venture Capital Fund: Neeley School alumnus and entrepreneur Bill Shaddock likes the concept behind television’s “Shark Tank” so much that he initiated a similar opportunity for TCU students. He made a $250,000 commitment to form the student-run Bill Shaddock Venture Capital Fund, which lets TCU entrepreneurship students judge other students’ business plans and decide whether or not to award grants. Undergraduate and graduate TCU students can pitch their business plans to the student review committee by submitting a written plan and then making a presentation. The student committee then determines if and how much a plan will be funded. Funding can be used for working capital, market research, purchase of raw material or inventory, office equipment and supplies, or other business-related necessity. Entrepreneur Summit: The TCU Neeley School of Business this summer teamed up with the Fort Worth Business Press and IDEA Works FW to organize the First Annual Entrepreneur Summit. Officials say the Summit, a series of workshops focusing on educational opportunities, incubators, accelerators, access to capital and corporate buy-in, were all designed to make the entrepreneurial calling a bit easier.
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Fine Arts Laboratory TCU College of Fine Arts consists of the School of Art, The School for Classical & Contemporary Dance, the Department of Graphic Design, the Department of Interior Design and Fashion Merchandising, the School of Music, and the Department of Theatre. Students come from across the country to take advantage of numerous computer labs, state-of-the-art lighting and sound systems, specialized libraries and equipment, world-class galleries, renowned art and dance studios, theaters and performance halls. But, perhaps most compelling are the close working relationships that College of Fine Arts programs enjoy with the Kimbell Art Museum, The Fort Worth Symphony, Texas Ballet Theatre and the other visual and performing institutions in the Dallas/Fort Worth Metroplex.
One such example of TCU-community collaboration is the Art in the Metroplex exhibition. Art in the Metroplex opened in 1983 on the TCU campus and attracted almost 900 works of art by 370 artists in the Dallas/Fort Worth area. The numbers stunned exhibit organizers. Artists in Fort Worth and Dallas were hungry for a high-quality, broadly inclusive but competitive showcase for their art.
Art in the Metroplex sprang from a collaboration between an organization of art activists and the Texas Christian University art department. Similar fine arts partnerships between TCU and Fort Worth’s world-renowned arts community have not only pushed Fort Worth to the forefront of the nation’s community arts scene, but have provided TCU students with valuable opportunities to hone their craft in a professional arena.
A New Medical School & Higher Education Partnership TCU and University of North Texas Health Sciences Center (UNTHSC) last year signed a memorandum of understanding detailing a collaboration between the two academic institutions to open an M.D. school with as many as 60 new students in 2018. About $25 million from private donors has already been pledged to start the new medical school and TCU Chancellor Victor Boschini said his school has pledged to use $50 million from its endowment to support the effort.
The school will give Fort Worth two medical schools. Since 1970, UNTHSC has been home to the Texas College of Osteopathic Medicine, which will continue to operate at the campus just west of downtown. Fort Worth is the largest city in the United States without a school that offers an M.D. degree.
UNTHSC and TCU have a long history of joining forces on science and healthcare issues including everything from a community-based outreach program for older adults to a culinary medicine approach that explores everyday recipes for better health. In addition, students in TCU’s Neeley School of Business and UNTHSC’s School of Public Health currently collaborate as part of UNTHSC’s master’s program in health administration and TCU’s health care MBA program. The new M.D. school will use existing facilities and resources on both campuses.
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Dallas/Fort Worth International Airport (DFW) A Two‐City Partnership Dallas/Fort Worth International Airport (DFW) is the primary international airport serving the Dallas‐Fort Worth area and the largest hub for American Airlines, which is headquartered near the airport. In 2015, DFW served a record 64,174,163 passengers. It is the third busiest airport in the world by aircraft movements and the tenth busiest airport in the world by passenger traffic in. It is the tenth busiest international gateway in the United States.
As early as 1927, Dallas proposed a joint airport with Fort Worth. Fort Worth declined the offer and each city opened its own airport, Love Field and Meacham Field, each with scheduled airline service. In 1940 the Civil Aeronautics Administration earmarked $1.9 million for the construction of a Dallas/Fort Worth Regional Airport, but the governments of Dallas and Fort Worth disagreed over its construction and the project was abandoned in 1942.
Two Cities, Two Airports: In 1953 Fort Worth transferred its commercial flights to a new airport, Amon Carter Field, which was just 12 miles from Dallas Love Field. In 1960 Fort Worth purchased ACF and renamed it Greater Southwest International Airport (GSW) in an attempt to compete with Dallas' airport. However, GSW's traffic continued to decline and by the mid‐1960s Fort Worth was getting 1% of Texas air traffic while Dallas was getting 49%, which led to the virtual abandonment of GSW. Coming Together: The joint airport proposal was revisited in 1961 after the Federal Aviation Administration (FAA) refused to invest more money in separate Dallas and Fort Worth airports. Although the Fort Worth airport was eventually abandoned, Dallas Love Field became congested and had no more room to expand. Following an order from the federal government in 1964 that it would unilaterally choose a site if the cities could not come to an agreement on a site, officials from the two cities finally agreed on a location for a new regional airport that was
almost equidistant from the two city centers. The land was purchased by the cities in 1966, construction began in 1969 and the new regional airport opened in 1974. The DFW complex covers portions of Dallas and Tarrant counties, and includes portions of the cities of Irving, Euless, Grapevine and Coppell. Members of the airport's board of directors are appointed by the "owner cities" of Dallas and Fort Worth, with a non‐voting member chosen from the airport's four neighboring cities on a rotating basis.
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Summary of Economic and Fiscal Benefits of DFW Airport
Total Expenditures Employment
Tax Receipts
State Local Entities
Airport Operations (Includes terminal operations, air carrier operations, concessions and rental cars operations.)
$13.4 billion per year
76,145 permanent jobs
$341.9 million per
year
$174.5 million
per year
DFW Tenants (Includes air cargo operations and other tenants.)
$20.8 billion per year
129,372 permanent jobs
$575.3 million per
year
$294.9 million
per year TOTAL Current Effects (Includes airport operations and DFW tenants, as well as visitor spending.)
$37.0 billion per year
228,000 permanent jobs
$1.1 billion per year
$533.8 million
per year
Construction Projects (Includes TRIP, CIP, AIP, and tenant projects.)
$13.4 billion
76,415 person-years
$353.9 million
$178.5 million
Potential Land Development (Ongoing effects at maturity when available acreage is developed in accordance with land use plans.)
$27.4billion per year
175,590 permanent jobs
$908.4 million per
year
$428.2 million
per year
*The Perryman Group’s US Multi-Regional Impact Assessment System was utilized to quantify the total economic benefits (including multiplier effects) of current and potential future operations associated with DFW Airport. For additional detail regarding effects on other measures of business activity and results by industrial sector, see the remainder of this report and the Appendices. Because jobs during the construction phase are transitory in nature, they are measured in “person-years;” ongoing operational jobs continue and are thus measured as “permanent jobs.” Source: The Perryman Group
DFW Airport is a Cornerstone of Regional Economic Development
For more than 40 years, Dallas/Fort Worth Interna onal Airport (DFW Airport) has been a crucial source of economic growth and development. Serving one of the most dynamic regions of the economy, the Airport has provided air travel and cargo infrastructure essen al to businesses and individuals in the region and beyond. It has been the catalyst for the emergence of the Metroplex area as a major urban center.
In addi on, DFW Airport serves as a substan al source of business ac vity through opera ons of the Air-port itself as well as related businesses such as concessions and retail establishments within the terminals. Several offi ce and industrial parks surrounding the terminal areas provide an ideal loca on for businesses dependent on proximity to air passenger and cargo service, further increasing the economic benefi ts.
The Perryman Group (TPG) was recently asked to examine the current and poten al future economic and fi scal impacts of DFW Airport and associated facili es. In addi on, the likely eff ects on local taxing en es
were es mated. The following pages include some of the results of TPG’s analysis.
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The Current Annual Impact of DFW Airport and Associated Operations on Business Activity and Tax Receipts in the
North Central Texas Region
ECONOMIC BENEFITS (Monetary Values in Billions of Constant 2015 Dollars)
Terminal Operations
Air Carrier Operations
Concessions Operations
(including rental cars)
TOTAL
Total Expenditures $2.363 $9.301 $1.711 $13.376 Gross Product $1.312 $4.421 $0.827 $6.559
Personal Income $0.880 $2.785 $0.513 $4.179 Retail Sales $0.328 $1.107 $0.523 $1.958
Employment (Permanent Jobs) 14,883 48,769 12,492 76,145
FISCAL BENEFITS (In Millions of constant 2015 Dollars)
State $64.037 $203.767 $74.057 $341.861 Local $33.484 $108.343 $32.635 $174.462
*Columns may not sum to total due to rounding. SOURCE: The Perryman Group
The Current Annual Impact of DFW Airport Tenants on Business Activity and Tax Receipts in the North Central Texas Region*
ECONOMIC BENEFITS (Monetary Values in Billions of Constant 2015 Dollars) Air Cargo
Operations Other Tenant Operations* TOTAL
Total Expenditures $17.811 $2.970 $20.781 Gross Product $10.008 $1.613 $11.621
Personal Income $6.317 $1.012 $7.329 Retail Sales $2.526 $0.542 $3.069
Employment (Permanent Jobs) 110,863 18,509 129,372
FISCAL BENEFITS (In Millions of constant 2015 Dollars)
State $472.749 $102.557 $575.306
Local $248.364 $46.584 $294.948
*Columns may not sum to total due to rounding. Cargo tenants are included under air cargo operations; other tenants are other types of businesses. SOURCE: The Perryman Group
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The Current Annual Impact of Visitor Spending Associated with Out-of-Area DFW Airport Passengers on Business Activity and Tax
Receipts in the North Central Texas Region*
ECONOMIC BENEFITS (Monetary Values in Billions of Constant 2015 Dollars)
Total Expenditures $2.857
Gross Product $1.589
Personal Income $0.960
Retail Sales $1.010
Employment (Permanent Jobs)
22,483
FISCAL BENEFITS (In Millions of constant 2015 Dollars)
State $159.991
Local $64.422
SOURCE: The Perryman Group
The Total Current Annual Impact of DFW Airport Operations and Other Ongoing Effects* on Business Activity and Tax Receipts in the
North Central Texas Region
ECONOMIC BENEFITS (Monetary Values in Billions of Constant 2015 Dollars)
Total Expenditures $37.014
Gross Product $19.770
Personal Income $12.468
Retail Sales $6.037
Employment (Permanent Jobs) 228,000
FISCAL BENEFITS (In Millions of constant 2015 Dollars)
State $1,077.158
Local $533.832
*Includes terminal operations, air carrier operations, retail and concessions (including rental cars), cargo-related tenants, other tenants, and visitor spending. SOURCE: The Perryman Group
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