I run a company that has hundreds of millions of dollars of real estate in Dallas.
When the Mayor speaks, I listen.
Cities rarely announce their next decade of growth in one speech.
Dallas just did.
Here is what I heard in today’s State of the City address:
Dallas wants to become the next great American city.
The plan is simple: grow the tax base.
Dallas may want a lower property tax rate. But it also needs more property to tax.
More apartments.
More offices.
More businesses.
The city knows this.
Faster permits.
Clearer rules.
Make it easier to build.
Growth pays for everything.
Wall Street is moving here.
“Y’all Street” sounds like a joke. It is not.
The Texas Stock Exchange is coming.
Goldman Sachs is building a new campus.
Scotiabank is moving operations here.
CBRE and AECOM did the same.
This is not just buildings. It is jobs.
Dallas has created over 100,000 finance jobs in the last ten years.
High-paying jobs.
Money used to be made in New York and California.
Now it is made here.
The city is building parks that matter for decades.
Klyde Warren Park changed downtown Dallas.
It turned a highway overpass into a place where people want to be.
Now the city is building more:
Harold Simmons Park.
Halperin Park.
A new convention center.
These projects take years to finish.
But when they are done, they change how people see Dallas.
They change what the city is worth.
Dallas wants to keep its big companies downtown.
Sports teams.
Fortune 500 headquarters.
Major employers.
The city is fighting to keep them in the urban core.
Not in the suburbs.
Not in other cities.
Here.
This matters.
When a headquarters leaves, jobs follow.
Tax revenue follows.
The ecosystem breaks down.
Dallas knows this. It is working to prevent it.
Crime is dropping.
Violent crime has fallen for five straight years.
Double-digit declines.
A safe city attracts families.
It attracts businesses.
It attracts investors who think long-term.
Safety is not flashy. But it is the foundation for everything else.
This is why we are betting on Dallas.
At Savoy, we build apartments.
We manage properties.
We invest in neighborhoods.
We are betting on Dallas because the city is making smart moves.
If even half of these plans work, Dallas will continue growing faster than most cities in America.
We see it in Bishop Ridge.
We see it in the capital flowing into Texas.
We see it in the confidence people have in this city’s future.
We are building for the Dallas of 2035, not 2025.
We think that bet will pay off.
@BSmoov_ I remember people being shocked that he was as good as he was at OU his freshman year… that alone tells me he wasn’t an all time high school great