{"id":90287,"date":"2026-01-05T21:31:07","date_gmt":"2026-01-05T21:31:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/90287\/"},"modified":"2026-01-05T21:31:07","modified_gmt":"2026-01-05T21:31:07","slug":"mayor-eric-johnson-predicts-a-flood-of-finance-firms-leaving-nyc-for-dallas","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/90287\/","title":{"rendered":"Mayor Eric Johnson predicts a \u2018flood\u2019 of finance firms leaving NYC for Dallas"},"content":{"rendered":"

Mayor Eric Johnson is pitching Dallas as a rising alternative to New York City, arguing that some financial firms could consider relocating if policies pursued by New York City Mayor Zohran Mamdani make the city less attractive to employers.<\/p>\n

Johnson, a former Democratic state lawmaker who joined the Republican Party in 2023, made the remarks<\/a> to the New York Post, where he was bullish on Dallas\u2019 recent growth in finance and argued the city is positioned to benefit if Mamdani<\/a> follows through on his democratic socialist agenda.<\/p>\n

\u201cWhat was already a trickle is going to turn into a flood of individuals and companies who have called New York home for a long time, moving to Dallas,\u201d Johnson told the outlet in an article published Monday. <\/p>\n

In recent months, Johnson has weighed in on New York City politics, at times branding Dallas the nation\u2019s first \u201csanctuary city from socialism\u201d in posts aimed at New Yorkers. Johnson, now in his final term, chairs and serves as president of the Republican Mayors Association<\/a>, which he launched in 2023. Mamdani took office Jan. 1.<\/p>\n

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Johnson\u2019s remarks were published not long before AT&T\u2019s chief executive informed employees the telecommunications giant would move its headquarters<\/a> from its downtown Dallas complex to Plano \u2014 a decision the mayor attributed to company leadership preferring a \u201clarge horizontal, suburban-style campus.\u201d<\/p>\n

In a statement alongside City Manager Kimberly Bizor Tolbert, Johnson said the city\u2019s economic strengths are what had drawn AT&T to Dallas in 2008, and the city has become a \u201cglobal economic powerhouse since then.\u201d<\/p>\n

Johnson pointed to what boosters have dubbed \u201cY\u2019all Street\u201d \u2014 a bid to further cement North Texas as a finance hub with the launch of the Dallas-based Texas Stock Exchange<\/a>, a forthcoming Goldman Sachs campus<\/a> near Victory Park and an influx of other financial firms that have expanded offices and hiring in the region.<\/p>\n

How AT&T\u2019s move will reshape downtown remains to be seen. A study previously commissioned for Downtown Dallas Inc. estimated the company\u2019s departure could contribute to a roughly 30% drop in downtown property values. <\/p>\n

AT&T\u2019s lease at the 37-story Whitacre Tower runs through 2030, and about 6,000 employees were assigned to the building as of 2022. The company\u2019s chief executive, John Stankey, said in a statement that the company is targeting 2028 for partial occupancy of its new complex.<\/p>\n

\u201cThe future of our city \u2014 and of our urban core \u2014 is bright,\u201d Johnson said in the joint statement, \u201cand this departure ultimately will open the door for us to explore new possibilities.\u201d<\/p>\n

Dallas Landmark Commission to review rainbow-colored steps at Oak Lawn church <\/a>Former trustee: Dallas City Hall debate is a rerun of DISD HQ move<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Mayor Eric Johnson is pitching Dallas as a rising alternative to New York City, arguing that some financial…\n","protected":false},"author":2,"featured_media":90288,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[597,42940,42713,4275,9,56,63,65,64,87],"class_list":{"0":"post-90287","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-article","9":"tag-dallas-city-hall","10":"tag-eric-johnson","11":"tag-local-politics","12":"tag-new-york","13":"tag-ny","14":"tag-nyc","15":"tag-nyc-headlines","16":"tag-nyc-news","17":"tag-politics"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/90287","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=90287"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/90287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/90288"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=90287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=90287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=90287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}