AT&T Relocates Headquarters from Dallas to Plano, Texas

AT&T's Headquarters Move

• 📌 AT&T is moving its corporate headquarters from downtown Dallas to Plano, Texas, specifically to 5400 Legacy Drive.
• 🏢 For the past 18 years, AT&T has occupied the 37-story Whitaker Tower, which has been transformed into the greater AT&T Discovery District.
• 🗓️ The relocation process is expected to begin with employees moving to the new Plano headquarters in 2028.

Economic Impact on Dallas

• 📉 A study commissioned by Downtown Dallas, Inc. estimated that AT&T's departure could lead to a 30% decrease in property values in downtown Dallas.
• 💸 This decrease translates to an estimated $2.7 billion drop in downtown property value and a $62 million loss in property tax revenue for the city.

City of Dallas Response

• 💬 Mayor Eric Johnson and other city leaders expressed optimism, highlighting other companies like Goldman Sachs investing in Dallas.
• ✨ The mayor stated that the future of Dallas and its urban core remains bright, despite AT&T's move.

Expert Perspective

• 📊 An expert and former Dallas city manager noted that such trends of ups and downs are common and do not last long.
• 📍 While Plano, Richardson, and Dallas have all experienced losses, they remain attractive places to live and work.