BY MICHAEL CROUCHLEY
Looking ahead
Zooming out
Demolition of the existing EDS site will begin this year, and AT&T is targeting partial occupancy in the new space “as early as the second half of 2028,” Stankey said. The company will aim to move employees from multiple North Texas oces into the new building, with a goal to increase that workforce to 10,000 over the next decade. Plano ocials believe AT&T’s move can push the Legacy District forward for years to come. “AT&T’s relocation represents a powerful reinvestment in the Legacy business district, building on an extraordinary foundation that has driven growth in Plano and our region for decades,” Mayor John Muns said. “With surrounding Legacy developments already advancing innovation, the addition of AT&T brings fresh momentum to this iconic area and helps position Legacy for its next generation of success.” Jacquelyn Burrer contributed to this report.
McDonald said he hopes the AT&T headquarters will economically benet the city in more ways than one. On top of job growth, he said the new headquar- ters will provide the added benet of increased property tax revenue. The current 100-acre property generates around $140,000 annually in city property taxes, McDon- ald said. Once AT&T is fully moved in, he said the city would collect around $6 million per year from the 54-acre site. Talley added that residents could see the benet of the increased property tax revenue. “When commercial is paying in as much possible into the coers to help oset the cost of the residents, their tax rates can be lower,” he said. “That can really help oset the costs and improve the services at the city level.” McDonald added that there’s still opportunity for more redevelopment on the site, as AT&T’s campus will only occupy the northern half.
With very little green space left in Plano, redevelopment of old sites is the main way for new developments to enter the city. McDonald noted the former JCPenney campus just down the road from EDS, along with Collin Creek Mall and Assembly Park and east Plano, as other ongoing redevelopment projects. “A lot of times cities will look at a green eld and say, ‘Hey, this is an opportunity,’” Talley said. “Well, we look at the redevelopment projects the same way.
“This is now the second generation of economic development in the city. ... We’re still going to be a big player in the game.” DOUG MCDONALD, PLANO ASSISTANT CITY MANAGER
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