{"id":170222,"date":"2026-02-18T20:32:11","date_gmt":"2026-02-18T20:32:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/170222\/"},"modified":"2026-02-18T20:32:11","modified_gmt":"2026-02-18T20:32:11","slug":"plano-dangles-20m-incentive-package-to-land-atts-1-4b-hq","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/170222\/","title":{"rendered":"Plano Dangles $20M Incentive Package to Land AT&T\u2019s $1.4B HQ"},"content":{"rendered":"

Plano is making a giant offer to secure a telecom giant.<\/p>\n

The Collin County suburb is prepared to offer AT&T a $20 million incentive package \u2014 the largest in the city\u2019s history \u2014 plus a 65 percent property tax rebate on improvements for 25 years, as part of a bid to lock in AT&T\u2019s planned multibillion-dollar global headquarters. The Dallas Morning News reported<\/a> that City Council members are slated to vote on the deal on Monday.<\/p>\n

Under the proposal, AT&T must invest at least $1.4 billion to build a minimum 2 million square feet of office, amenity and retail space on 54 acres at 5400 Legacy Drive<\/a>. The company would be required to employ 10,000 full-time workers at the campus and occupy it for at least 25 years. Partial occupancy is targeted for the second half of 2028.<\/p>\n

CEO John Stankey<\/a> announced in January that the Fortune 500 firm would relocate its global headquarters to Plano, marking a major reinvestment in the city\u2019s Legacy business district. The land is part of a 215-acre tract owned by Dallas-based NexPoint that includes the former Electronic Data Systems campus founded by H. Ross Perot Sr.<\/p>\n

Half of the $20 million grant would offset redevelopment costs at the site. Even so, Plano\u2019s economic development fund would retain roughly $36.8 million for future projects, according to city documents. AT&T must meet specified construction and employment benchmarks to receive the grants and rebates.<\/p>\n

Plano Mayor John Muns has framed the relocation as a generational win, building on the suburb\u2019s track record of luring corporate heavyweights such as Toyota Motor North America and JCPenney.<\/p>\n

The flip side: Downtown Dallas<\/a> stands to take a hit.<\/p>\n

AT&T has been headquartered in Downtown Dallas since 2008<\/a> and leases the 37-story Whitacre Tower at 208 South Akard Street, owned by Pacific Elm Properties and Dundon Capital Partners, through the end of 2031. The company occupies roughly 3 million square feet in the city \u2014 more than any other private employer, according to CoStar \u2014 and invested $100 million in its Discovery District, which opened in 2021.<\/p>\n

Downtown Dallas has estimated a full relocation could slash downtown property values by as much as 30 percent, or about $2.7 billion.\u2014 Eric Weilbacher<\/p>\n

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AT&T wins initial rezoning approval for headquarters relocation to Plano<\/p>\n

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AT&T ditches Downtown Dallas, opts to build global HQ in Plano<\/p>\n

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Dallas mayor runs mouth while AT&T drops bomb on downtown<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Plano is making a giant offer to secure a telecom giant. The Collin County suburb is prepared to…\n","protected":false},"author":2,"featured_media":170223,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[160,162,68803,161],"class_list":["post-170222","post","type-post","status-publish","format-standard","has-post-thumbnail","category-plano","tag-plano","tag-plano-headlines","tag-plano-incentives-for-att","tag-plano-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/170222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=170222"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/170222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/170223"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=170222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=170222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=170222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}