PGBT & State Highway 75
Facts
• This land sale was not just a land sale, it was a critical part of the CityLine development and the future Cotton Belt DART rail line, that took numerous years to coordinate many disciplines in order to close the transaction
• In 2010, the Perryman Group projected that during the construction phase the associated development and associated construction would increase output of about $680.6 million dollars and generate approximately 8,544 person-years of employment
• Ongoing operations of companies within this multipurpose development would represent an annual increase of $1.3 billion in output (gross product) as well as 15,672 permanent jobs if developed as planned
• This deal also won the coveted CLIVE award in 2011 from the North Texas Council of Governments