AT&T is moving its global headquarters from downtown Dallas to Plano, the company announced, a shift that a recent study warns could significantly affect the city\u2019s tax base.<\/p>\n
CEO John Stankey told employees the company will build a new 54-acre campus at 5400 Legacy Drive in Plano, consolidating its Dallas-Fort Worth administrative operations into one site. AT&T currently operates campuses in Dallas, Plano and Irving.<\/p>\n
AT&T\u2019s global headquarters has been downtown since 2008, when it relocated from San Antonio. A news study on downtown development estimated property values in the area would drop 30% if AT&T left \u2014 a $2.7 billion decline that could cost the city about $62 million a year in property tax revenue.<\/p>\n
Dallas Mayor Eric Johnson said the move reflects that \u201cits current leaders preferred a large horizontal, suburban-style campus rather than the skyscrapers that define our city center.\u201d<\/p>\n
AT&T employs about 10,000 workers at its Dallas headquarters, according to the city\u2019s Office of Economic Development.<\/p>\n
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