{"id":139315,"date":"2026-02-19T22:23:09","date_gmt":"2026-02-19T22:23:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/139315\/"},"modified":"2026-02-19T22:23:09","modified_gmt":"2026-02-19T22:23:09","slug":"dallas-mayor-city-manager-announce-nyc-trip-to-lure-more-corporations-to-yall-street","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/139315\/","title":{"rendered":"Dallas mayor, city manager announce NYC trip to lure more corporations to \u2018Y\u2019all Street\u2019"},"content":{"rendered":"

Dallas Mayor Eric Johnson and City Manager Kimberly Bizor Tolbert say they\u2019ll lead a group of business and civic leaders to New York next week to lure more corporations to Texas \u2014 just as the city prepares for a pivotal debate over the future of its aging City Hall<\/a>.<\/p>\n

But when pressed Thursday about the timing, funding and targets of the trip, officials offered few answers, ending the news conference without taking questions from reporters.<\/p>\n

Tolbert said during the news conference that the trip is planned for next Thursday and Friday, days after City Council members plan to publicly discuss a long-awaited report assessing City Hall\u2019s structural condition, repair needs and possible relocation. City staff estimated last fall that it could cost up to $345 million to fully repair City Hall after years of neglect.<\/p>\n

The independent report from the Dallas Economic Development Corp. could drop as early as Friday and will be discussed publicly at the City Council\u2019s Finance Committee meeting on Monday. <\/p>\n

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\"Dallas<\/p>\n

Dallas city manager Kimberly Bizor Tolbert takes the podium during a press conference announcing a city-sanctioned trip to New York to promote the planned Texas Stock Exchange, on Thursday, Feb. 19, 2026, at Dallas City Hall. <\/p>\n

Shafkat Anowar \/ Staff Photographer<\/p>\n

At the City Hall news conference, Johnson and Tolbert touted Dallas\u2019 rise as a financial hub dubbed \u201cY\u2019all Street.\u201d They pointed to expansions by Goldman Sachs and Scotiabank, as well as the launch of three new stock exchanges, including the Texas Stock Exchange<\/a>.<\/p>\n

\u201cDallas has built a strong fiscal foundation with disciplined budget practices and a business-friendly climate that supports targeted, sustainable growth,\u201d Tolbert said during the news conference.<\/p>\n

They framed the New York trip as a chance to attract more investment, but declined to specify after the news conference which businesses they\u2019re targeting or how much the trip will cost. <\/p>\n

\u201cThere\u2019s no connection with the timing,\u201d the mayor said when asked by The Dallas Morning News about the overlap with the City Hall report as he was leaving. \u201cThis is when we could coordinate the delegation on making the trip. It\u2019s a lot of people to coordinate, and it\u2019s an important trip. We want to make sure we get everybody in there and these are the dates that work.\u201d <\/p>\n

After photos ops and a chant of \u201cY\u2019all Street\u201d with some of the announced members going to New York, Tolbert was ushered out of the flag room to a nearby elevator by city staff and didn\u2019t answer any questions.<\/p>\n

The New York trip announcement comes as Texas\u2019 financial scene is heating up<\/a>, with Dallas at the heart of it. <\/p>\n

Related<\/p>\n

\"No<\/p>\n

The Texas Stock Exchange is set to start trading this year<\/a> in the city\u2019s Knox-Henderson area. The New York Stock Exchange opened a Dallas branch last year<\/a> and has been adding dual listings. Nasdaq is also joining in, planning dual listings and a regional headquarters <\/a>in North Texas. <\/p>\n

Related<\/p>\n

\"A<\/p>\n

The group to New York will include: <\/p>\n

Ray Washburne, a developer who is also chairman of Sunoco LLC and vice chairman of Gillon Capital and Gillon Property GroupCynt Marshall, former Dallas Mavericks CEO and now president and CEO of Marshalling ResourcesCraig Davis, president and CEO of Visit DallasGilbert Gerst, chair of the Dallas Economic Development Corporation Chris Heinbaugh, EDC member and chief advocacy officer at AT&T Performing Arts CenterJay Hartzell, president of Southern Methodist University Vipin Nambiar, founder and managing partner of HN Capital Partners Nina Vaca, founder, chairman and CEO of Pinnacle Group Wayne White, president and CEO of Communities Foundation of Texas<\/p>\n

During the news conference, the mayor said that Dallas is competing with other major cities for investment by top businesses and financial institutions. He said the city is \u201cdetermined to win this competition\u201d and the New York trip represents an opportunity to start doing that. <\/p>\n

He said the impact could mean new investments from companies similar to Goldman Sachs and Scotiabank, creating jobs and stimulating further economic growth, which in turn would benefit local businesses, expand the tax base and allow the city to maintain services such as parks and police.<\/p>\n

\u201cWith the rise of Y\u2019all Street, we know that the future of the financial services industry is right here in Dallas,\u201d Johnson said. \u201cAnd we\u2019re going to leverage that fact to build a more prosperous city for everyone.\u201d<\/p>\n

\"Goldman<\/a>With AT&T leaving, can \u2018Y\u2019all Street\u2019 save downtown Dallas? Not on its own<\/a><\/p>\n

City leaders touted Y\u2019all Street as the future of Dallas\u2019 urban core. The reality is more complicated.<\/p>\n

\"A<\/a>What to know about the Texas Stock Exchange, Y\u2019all Street<\/a><\/p>\n

New exchanges, bank movement and more, as North Texas emerges as a hub for capital.<\/p>\n","protected":false},"excerpt":{"rendered":"Dallas Mayor Eric Johnson and City Manager Kimberly Bizor Tolbert say they\u2019ll lead a group of business and…\n","protected":false},"author":2,"featured_media":139316,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[7472,58910,42940,9,56,63,65,64,87,47708],"class_list":{"0":"post-139315","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-dallas","9":"tag-dallas-city-council","10":"tag-dallas-city-hall","11":"tag-new-york","12":"tag-ny","13":"tag-nyc","14":"tag-nyc-headlines","15":"tag-nyc-news","16":"tag-politics","17":"tag-texas-stock-exchange"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/139315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=139315"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/139315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/139316"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=139315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=139315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=139315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}