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Economic Development Profile - Dallas Office of Economic Development

VIEWS: 48 PAGES: 78

									Economic
Development
Profile
January   2011




                 Office of Economic Development
                                 Dallas-EcoDev.org
                                   214.670.1685
                                                                               Table of Contents
         3     About                                        41   Primary & Secondary Education
         4     Competitive Advantages                       42   Colleges and Universities
         5     Dallas Orientation                           43   Quality of Life Summary
         6     City of Dallas and the Metro Area            44   Shopping & Dining
         7     Comparative Metro Areas                      45   Recreation
         8     Dallas and the Texas Economy                 46   Health Care
         9     US and Global Context                        47   Climate and Ecology
         10    Economic History                             48   Environmental Stewardship
         11    Overview Map                                 49   Cultural Arts
         12    In-town Neighborhoods Map                    50   Opportunity Area: CBD
         13    City Demographics                            51   Opportunity Area: Galleria
         14    DFW Metro Area Demographics                  52   Opportunity Area: Spring Valley/Coit
         15    Workforce                                    53   Opportunity Area: Vickery Meadows
         16    Major Dallas Industries                      54   Opportunity Area: Asian Trade District
         17    Fortune 1000 Companies                       55   Opportunity Area: Skillman Corridor/LBJ Station
         18    Top 25 Private Employers                     56   Opportunity Area: Southwestern Medical
         19    Top 25 Private Employers                     57   Opportunity Area: Design District
         20    International Trade                          58   Opportunity Area: Deep Ellum
         21    Logistics Infrastructure                     59   Opportunity Area: South Dallas/Fair Park
         22    Utilities and Public Transportation          60   Opportunity Area: North Oak Cliff
         23    Development Policy                           61   Opportunity Area: West Dallas
         24    Redevelopment Programs                       62   Opportunity Area: Dallas Executive Airport
         25    Business Development Programs                63   Opportunity Area: UNT Campus
         26    Top Recent Relocations and Expansions        64   Opportunity Area: IIPOD
         27    Top Recent Relocations and Expansions        65   Opportunity Area: Lancaster Corridor
         28    Top Recent Relocations and Expansions        66   Opportunity Area: Pleasant Grove
         29    Catalyst: Trinity Rive                       67   Latest Downtown Developments
         30    Catalyst: Expanded Downtown—CBD              68   Latest Non-Downtown
         31    Catalyst: Transit-Oriented Development       69   Household Employment
         32    Catalyst: Inland Port                        70   Payroll Employment
         33    Catalyst: Expanded Downtown—Uptown           71   Unemployment
         34    Catalyst: UNT Dallas Campus                  72   Gross City Product
         35    Catalyst: Lancaster Corridor                 73   Personal Income
         36    Taxes                                        74   Office/Flex/Retail Vacancy
         37    Cost of Living                               75   Construction Activity
         38    Utilities                                    76   Taxable Property Values
         39    For Employers                                77   Sales Tax Revenue
         40    Career Opportunities                         78   Leading Indicators Index

City of Dallas Economic Profile
                                                                                        Office of Economic Development
                                                                                                      Dallas-EcoDev.org
                                                        2                                                  214.670.1685
                                                                                              Next Update: January 2012
                                                                      About the Economic Profile
The Economic Development Profile introduces Dallas to
prospective investors, developers, businesses and residents. The
Profile’s purpose is to support the development process by
informing the private sector so that both public and private return
are maximized.

The individual pages are also designed so that they can be
combined in ways to support each client’s individual needs. All
components are available on the OED website at Dallas-
EcoDev.org.




City of Dallas Publication: 06/07-84




City of Dallas Economic Profile
                                                                                   Office of Economic Development
                                                                                                 Dallas-EcoDev.org
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                                                                                         Next Update: January 2012
                                                                                Dallas Competitive Advantages
The World. DFW International Airport, with 139 domestic and 39 international destinations
puts Dallas less than three and a half hours from North America's business centers
including: New York, Los Angeles, Mexico City, Toronto, Chicago and Atlanta. Five
interstate highways and three class I railroads put over 35% and 98% of the US
population within 48 hours of Dallas by truck and rail, respectively.

The Talent. Dallas businesses access a three million strong workforce. With 30% of the
region’s workforce having at least a college degree, Dallas offers you over 500,000
professionals in management, finance, computing, architecture, engineering and the
sciences. These are joined by another 200,000 professionals in education and the arts.
The diverse economy offers many opportunities for dual profession families, and assures
a strong pool of talent for area businesses.

The Companies. The Dallas area is home to 41 Fortune 1000 companies. Dallas itself is
home to 269 locally headquartered companies that each employ more than 1,000
globally. Of Forbes largest privately held companies, 9 are located in the Dallas area.

The Places. The City is home to 421 million sq. ft. of commercial buildings and Dallas
still includes thousands of acres of vacant developable land for distribution, office and
retail developments.

The Lifestyle. With a cost of living 92% of the national average and no personal income
tax, Dallas offers a wonderful quality of life. The transit system is growing, with 43 rail
stations complete or under construction. Area colleges and universities enroll 284,000
students and Dallas has the largest arts district in the U.S. Thousands of restaurants, 24
libraries, 70 million square feet of shopping, 21,000 park acres, nearly 100 miles of trails,
plus franchises for all the major professional sports leagues provide endless
entertainment.

The Future. Dallas is a growing city with a local market of 6.45 million residents. Since
2003, Dallas employment growth has exceeded the nation’s. The Brookings Institute rates
Dallas in the top tier of best performing metro areas over the recession.

The Support. Dallas government is pro-development, maintaining a comprehensive plan
and economic development strategy to encourage growth. The City is investing over
$1.35 billion through its most recent bond program to upgrade the infrastructure to keep
businesses competitive.

                                  All Ways Connected
City of Dallas Economic Profile
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                                                                      Dallas Orientation




                                      Dallas is the largest city in the Dallas-Fort Worth metropolitan area,
                                      which is the nation’s 4th most populous at 6.45 million. Dallas
                                      accounts for 31% of the economic output, 40% of the office
                                      space and 27% of the industrial space in DFW.




City of Dallas Economic Profile
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                                                                                             Dallas-EcoDev.org
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                                  City of Dallas and the Dallas-Fort Worth (DFW) Metro
DFW Economic Overview                                                                    Demographics
 6th largest by output (BEA)                                                                                                        DFW          City of Dallas
 7th largest by income (BEA)                                                           Residents                                 6,447,615          1,316,350
 $380 B Gross Metro Product (2008):
                                                                                         Median Age                                    33.0              31.6
 419 Mil Sq. Ft. Commercial buildings (Sept. 2010)
 92% of U.S. Average Cost of Living (Q2 2010)                                          Bachelor’s Degree or Higher                 30.0%              28.3%

                                                                                         Hispanic                                    28.0%              43.1%
DFW Demographic Overview
 4th largest population                                                                White, Non-Hispanic                         51.2%              30.5%
 Largest population growth of U.S. metro areas.                                        Black, Non-Hispanic                         13.8%              22.3%
                                               DFW         City of Dallas                Foreign Born                                17.7%              24.8%
Businesses                                    325,000          65,000                          Latin America                         67.1%              83.4%
Jobs                                         2,869,125        1,038,007                        Asia                                  21.9%              9.4%
                                                                                               Europe                                 4.7%              3.0%
                                                                                               Africa                                 4.7%              3.8%
Industry Share (Sept 2010)                                                                     Northern America                       1.1%              0.1%

Trade, Transportation, and Utilities          19.3%             18.8%                          Oceania                                0.4%              0.1%
                                                                                         Source: Metropolitan and Micropolitan Statistical Area Estimates 2009,
Professional and Business                     16.8%             19.2%                    American Community Survey 1-Year Estimates, and U.S. Census Bureau;
                                                                                         City of Dallas NCTCOG (population), OED.
Government                                    13.0%             13.5%
Health and Education                          12.5%             11.2%
                                                                                  Dallas-Fort Worth
Leisure and Hospitality                        9.4%             9.1%
                                                                                Metropolitan Statistical
Manufacturing                                  8.7%             7.1%                 Area (MSA)
Financial Activities                           8.6%             10.5%
Other Services                                 3.5%             3.5%                 City of Dallas
Information                                    3.0%             2.9%
Source: Texas Workforce Commission, Bureau of Labor statistics, D&B (June
  2010), OED, C2ER, CoStar.com.
City of Dallas Economic Profile
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                                                                                                                       Comparative Metro Areas
  Metro                                   July 2008-July 2009                       Cost of Living            Median House Price          2008-2009        MSA Per Capita
                                         Population Growth Rate                       (Q2 2010;                   (Q2 2010)         Employment Growth Rate    Income
                                                                                    US Avg.=100)
  Atlanta                                             1.7%                                  96.0                   $122,700                    -5.6%                 $38,336
  Chicago                                             0.7%                                 116.8                   $203,800                    -5.2%                 $45,377
  Dallas                                              2.3%                                  91.9                   $134,700                    -3.7%                 $41,667
  Houston                                             2.5%                                  91.9                   $155,900                    -2.6%                 $45,835
  Los Angeles                                         0.8%                                 133.3                   $339,900                    -6.3%                 $44,519
  New York                                            0.5%                                 209.7                   $393,900                    -3.4%                 $33,338
  Phoenix                                             1.8%                                  99.6                   $144,700                    -7.9%                 $36,156
  Source: U.S. Census Bureau, Estimates of Population Change MSA: July 1, 2008 to July 1, 2009 : C2ER 2009Q2 Cost of Living, National Association of Realtors.



                                                                                                                                    Ten Most Populous U.S. Metro Areas
               Counties of the Dallas-Fort Worth Metropolitan Statistical Area                                                                (Millions) 2009
                                                                                                      Delta
                                                                                                                                   New York                                    19.07

                                  Wise                Denton
                                                                                                                                   Los Angeles                                 12.87
                                                                        Collin
                                                                                           Hunt                                    Chicago                                      9.58
                                                                                                                                   Dallas-Fort Worth                            6.45
                                                                             Rockwall
                                                                                                                                   Philadelphia                                 5.97
                            Parker            Tarrant          Dallas                                                              Houston                                      5.87
                                                                                                                                   Miami                                        5.55
                                                                                 Kaufman
                                                                                                                                   Washington                                   5.48
                                                                                                                                   Atlanta                                      5.48
                                            Johnson
                                                                Ellis
                                                                                                                                   Boston                                       4.59
                                                                                                                                   Source: U.S. Census.


City of Dallas Economic Profile
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                                             Dallas and the Texas Economy
                                      The Texas economy is strong and diverse. Key sectors include:
                                       Transportation
                                       Aerospace and defense
                                       Financial services
                                       High-tech electronics
                                       Energy
                                       Retail and wholesale trade

                                      Benefits of Texas as a place to do business:
                                       Low taxes
                                       Affordable land
                                       Large labor force of 12.2 million and population of 25.1 million
                                       57 Fortune 500 company headquarters (Tied with California for the most)
                                       Lower unemployment rate (Annual 2009 rate was 7.6%, 1.7 percentage point
                                         slower than the U.S.)
                                       2nd highest gross state product in the nation ($1.22 trillion in 2008)

                                      Dallas-Fort Worth is the largest metro area in Texas and is economically strong:
                                       The region adds an average of 230 new jobs and 470 new residents daily
                                       It has 25% of the total state population,
                                       Produces 34% of Texas’ total output
                                       Has 39% of Texas’ high-tech workforce




City of Dallas Economic Profile
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                                                                                                    Dallas-EcoDev.org
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                                                                                                                                                                                                                                                                   U.S. and Global Context
Population of Similarly-Sized Global Metropolitan Areas
        Madrid (5,640,000)
                                                                                                                                                                                                                                                                                              Montreal
        Toronto (5,290,000)                                                                                                                                                                                                                                                        Chicago
        Dallas/Fort Worth (4,860,000)*                                                                                                                                                                                                                                Denver
                                                                                                                                                                                                                                                                                                  New York
        Singapore (4,490,000)                                                                                                                                                                                                                                     Los
                                                                                                                                                                                                                                                                  Angeles
                                                                                                                                                                                                                                                                                   DALLAS
        Sydney (4,360,000)
      Source: PricewaterhouseCoopers UK Economic Outlook November 2009, *United Nations                                                                                                                                                                                                       Miami
      Urban Agglomeration geographic definition of Metropolitan Areas.                                                                                                                                                                                               Mexico
                                                                                                                                                                                                                                                                     City

                                                               Metropolitan Economic Output
                                                                          ($Billions)                                                                                                                                                                                          Panama City
$1500

                                                                                                                                                                                                                                                                                      Quito

$1200

                                                                                                                                                                                                                                                                                                             Sao Paulo
 $900




 $600




 $300




   $0
                                                     Atlanta




                                                                                                                                                Philadelphia




                                                                                                                                                                                         Osaka/Kobe




                                                                                                                                                                                                                                               New York
                             San Francisco/Oakland




                                                                           Moscow




                                                                                                        Buenos Aires




                                                                                                                                                                           Mexico City




                                                                                                                                                                                                      Paris




                                                                                                                                                                                                                                 Los Angeles
                                                                                                                                                                                                                       Chicago
                                                               Hong Kong




                                                                                                                                                               Sao Paulo




                                                                                                                                                                                                                                                          Tokyo
                                                                                                                                                                                                              London
           Miami


                   Houston




                                                                                    Dallas/Fort Worth




                                                                                                                       Boston


                                                                                                                                Washington DC




Source: PricewaterhouseCoopers UK Economic Outlook November 2009.
 City of Dallas Economic Profile
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                                                                                               Economic History
                                                                                       From the collections of the Texas/Dallas History and Archives Division,

 1841—founded as trading post on a Republic of Texas military highway and Trinity    Dallas Public Library.


  River crossing

 1873—secured North Texas’ first railroad crossing

 1913—awarded the eleventh Federal Reserve district headquarters

 1928—purchased Love Field to became one of the first aviation-savvy cities

 1930—built original Trinity levees to create the industrial district

 1936—hosted Texas Centennial Exhibition showcasing Dallas to America and the
  world

 1958-62—invented the integrated circuit (Texas Instruments) and data processing
  services (Electronic Data Systems), making Dallas a leading technology city

 1965—expanded educational opportunities with the seven campus Dallas County
  Community College District

 1973—collaborated to create DFW International Airport

 1989—created Dallas’ first TIF district, State Thomas, ushering in upscale, dense
  urban living in Dallas

 1996—opened Dallas Area Rapid Transit rail system

 1998—approved Trinity River Corridor project

 2005-06—adopted comprehensive plan and economic development plan

 2009—AT&T Performing Arts Center opened, a major expansion to the downtown
  Arts District


City of Dallas Economic Profile
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                                       Overview Map




City of Dallas Economic Profile
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                                       In-town Neighborhoods




City of Dallas Economic Profile
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                                                                                            Dallas City Demographics
           Population                                   2009                   %            Age                                    2009
                                                    Estimate                                                                   Estimate
           Total Population                        1,316,350                                Median Age                              31.6
           Population Density (per sq. mi.)             3,842                               Age 20-64                           817,453
           Male                                      679,237                51.6            Age 65+                             119,788
           Female                                    637,113                48.4


                                                                                            Household & Income                     2009
           Race                                          2009                   %                                              Estimate
                                                     Estimate                               Total Households                    489,432
           Non-Hispanic White                        401,487                   30.5         Median Household Income             $39,829
           Non-Hispanic Black                        293,546                   22.3         Per Capita Income                   $25,941
           Hispanic                                  567,347                   43.1         Total Housing Units                 555,829
           Other Race                                  53,970                   4.1



           Highest Education Level                       2009                   %
           Achieved                                  Estimate
           Graduate/Professional Degree                83,013                   9.9
           Bachelor’s Degree                         154,287                   18.4
           Associate’s Degree                          38,572                   4.6
           Some College, No Degree                   153,448                   18.3
           High School Graduate                      181,958                   21.7


City of Dallas Economic Profile
Source: NCTCOG 2010 Population Estimate; 2009 American Community Survey 1-Year Estimates.
City of Dallas Economic Profile
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                                                                     DFW Metro Area (MSA) Demographics
           Population                                    2009                     %                       Age                                    2009
                                                     Estimate                                                                                Estimate
           Total Population                         6,447,615                                             Median Age                              33.0

           Population Density (per sq. mi.)                695                                            Age 20-64                         3,913,702

           Male                                     3,243,150                   50.3                      Age 65+                             548,047

           Female                                   3,204,465                   49.7


                                                                                                          Household & Income                     2009
                                                                                                                                             Estimate
           Race                                           2009                    %
                                                      Estimate                                            Total Households                  2,201,237
           Non-Hispanic White                       3,301,179                   51.2                      Median Household Income             $54,539
           Non-Hispanic Black                         889,771                   13.8                      Per Capita Income                   $27,198
           Hispanic                                 1,805,332                   28.0                      Total Housing Units               2,434,803
           Other Race                                 451,333                    7.0



           Highest Education Level                        2009                    %
           Achieved                                   Estimate
           Graduate/Professional Degree               396,340                    9.8
           Bachelor’s Degree                          816,946                   20.2
           Associate’s Degree                         250,746                    6.2
           Some College, No Degree                    905,920                   22.4
           High School Graduate                       938,274                   23.2


Source: U.S. Census Bureau Annual Population Estimate; 2009 American Community Survey 1-Year Estimates.
City of Dallas Economic Profile
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                                                                                                                                            Workforce
                                                                                                               Dallas-Fort Worth Labor Market
                             Workforce Employment                                                                   by Occupation (2009)
                               (September 2010)
                                                                                                  Occupation                                    Workers    Annual
                                            Dallas City      DFW                                                                                           Wages
Total Labor Force                                  606,863   3,228,702                            Management                                     144,580   $108,167

Total Employed                                     555,985   2,973,630                            Business & Financial                           151,410    $67,750

Unemployment Rate                                    8.4%          7.9%                           Computer & Math. Science                       111,150    $79,611
                                                                                                  Architecture & Engineering                      65,380    $76,070
                                                                                                  Life, Physical & Social Science                 21,370    $68,561

         Dallas-Fort Worth Educational Attainment                                                 Community & Social Services                     21,150    $46,576
                     (highest achieved)                                                           Legal                                           21,890    $97,958
                                          (2009)
                                                                                                  Education, Training & Library                  173,650    $48,897
                                  Level                      Percent
                                                                                                  Art, Design, Entertainment & Media              36,880    $50,345
With Graduate or Professional Degree                               9.8%                           Healthcare Practitioner & Technical            133,690    $70,555
With Bachelor's Degree                                          20.2%                             Healthcare Support                              67,560    $26,019
With Some College/Associates Degree                             28.6%                             Protective Service                              59,560    $39,499
With High School Diploma                                        23.2%                             Food Prep. and Serving Related                 235,340    $19,487
                                                                                                  Building/Grounds Maintenance                    77,200    $22,493
Source: Texas Workforce Commission, U.S. Census Bureau.
                                                                                                  Personal Care & Service                         62,560    $25,290
                                                                                                  Sales and Related                              331,120    $39,978

Training and Hiring Assistance                                                        12.1%       Office and Administrative Support              541,960    $34,009
                                                                                      increase
                                                                                                  Farming, Fishing & Forestry                      1,450    $24,690
 The Texas Workforce Commission can facilitate                                      in jobs
                                                                                      forecast    Construction and Extraction                    131,940    $25,256
   customized training through state-funded skills grants.
 Texas workforce development boards offer monetary                                  for 2016    Installation, Maintenance & Repair             118,010    $40,381
   assistance to businesses that hire unemployed Texans.                   Source: U.S. Bureau    Production                                     185,800    $30,833
                                                                           of Labor Statistics.
                                                                                                  Transportation & Material Moving               209,370    $32,038
                                                                                                  All                                          2,904,030    $44,642

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                                                                                              Major Dallas Industries
Dallas has a notability higher concentration than the nation of high-end service occupations: professional services, finance and
information.


  Dallas-Fort Worth MSA Employment                        Dallas City Industry Mix Compared to DFW and the Nation (Jobs)
              by Industry
               AUG 2010
Industry                             Jobs
Trade, Transport., and Utilities    390,500
Prof. & Business Services           340,100
Government                          262,400
Education & Health Services         253,700

Leisure and Hospitality             189,700

Manufacturing                       176,400

Financial Activities                174,800
Nat. Resources, Mining &            104,100
Construction
Other Services                      68,600
Information                         61,600
Total                              2,869,000




                                                        Source: Texas Workforce Commission, Bureau of Labor statistics, Dunn & Bradstreet (August 2010)

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                                                                                                      Fortune 1000 Companies
 Dallas is one of the world’s leading corporate headquarters                                         Fortune 1000 Companies in the City of Dallas
 centers. It boasts:                                                                                                  (2010)
         20 Fortune 500 companies in DFW
         9 companies on the 2010 Forbes list of America’s Largest
           Private Companies (DFW)
         269 total headquarters operations that employ at least
           1,000 globally (DFW)

 Dallas’ efficiency as a headquarters city is based on its:
      Quality transportation system with air operations to 139
        U.S. and 39 international cities
      Large metro professional services workforce - 418,300
        jobs (DFW MSA Jan-Jun 2010 average)
      Affordable cost of business with a cost of living 91.9% of
        the national average (Q2 2010).
      Central location and great business culture
  Source: Fortune, Forbes, Dunn & Bradstreet, City of Dallas Office of Economic Development, C2ER,
  and Texas Workforce Commission.




  Other DFW Fortune 1000 companies
       Exxon Mobil                                   Lennox International
       Fluor Corp.                                   Rent A Center
       AMR (American Airlines)                       SuperMedia
       Kimberly-Clark                                Vought Aircraft Industries
       J.C. Penney                                   AmeriCredit
       Dr Pepper Snapple Group                       Cinemark Holdings
       Michaels Stores                               Pioneer Natural Resources
       MetroPCS Communications                       Zale
       Torchmark




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                                        DFW Top 25 Private Employers (Page 1 of 2)
Company                            Description                    Total Local    Main Local Address                     Zip      Headquarters
                                                                  Employment
Wal-Mart Stores Inc.               Discount retailer                    37,100   P.O. Box 631995, Irving              75063      Bentonville, AR

American Airlines                  Commercial passenger air-            21,935   4333 Amon Carter Blvd., Fort         76155      Fort Worth
                                   line                                          Worth
Baylor Health Care System          Operates hospitals, rehab            18,000   3500 Gaston Ave., Dallas             75246      Dallas
                                   clinics, surgery centers and
                                   Research Institute
Texas Health Resources             Health care                          17,485   612 E Lamar Blvd., Arlington         76011      Arlington

AT&T Inc.                          Telecommunications service           14,400   One AT&T Plaza, 208 S. Akard         75202      Dallas
                                   provider                                      St., Dallas
Lockheed Martin Aeronautics Co.    Aerospace manufacturer               14,100   1 Lockheed Blvd., Fort Worth         76108      Bethesda, MD
Verizon Communications Inc.        National broadband/wireline/         14,000   600 Hidden Ridge, Irving             75038      New York, NY
                                   wireless communications
                                   provider
HCA North Texas                    Hospitals                            12,300   6565 N. McArthur Blvd., Ste.         75039      Nashville, TN
                                                                                 555, Irving
JPMorgan Chase                     Banking and financial ser-           10,000   2200 Ross Ave., Dallas               75201      New York, NY
                                   vices
Citi                               Financial services                   9,100    4000 Regent Blvd., Irving            75063      New York, NY
Raytheon Co.                       Defense systems; commer-             9,100    2501 W. University Dr., McKin-       75071      Waltham, MA
                                   cial electronics                              ney
The Kroger Co.                     Grocery retailer                     9,052    1331 E. Airport Fwy., Irving         75062      Cincinnati, OH
Texas Instruments Inc.             Semiconductor manufac-               8,900    12500 TI Blvd., Dallas               75243      Dallas
                                   turer, educational technol-
                                   ogy

                                                                                                           Source: Dallas Business Journal Book of Lists, 2010.




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                                          DFW Top 25 Private Employers (Page 2 of 2)
Company                            Description                     Total Local   Main Local Address                      Zip      Headquarters
                                                                   Employment
Target Corp.                       Discount retailer                     8,800   555 Republic Dr., Plano               75074      Minneapolis, MN

Brinker International Inc.         Operates restaurant chains            8,388   6820 LBJ Fwy., Dallas                 75240      Dallas


Bank of America                    Financial institution                 8,000   901 Main St., Dallas                  75202      Charlotte, NC

EDS, a Hewlett-Packard Company IT and Business Process                   7,950   5400 Legacy Dr., Plano                75054      Palo Alto, CA
                               Outsourcing
J.C. Penney Co.                    Department store retailer             7,416   6501 Legacy Dr., Plano                75024      Plano
United Parcel Service              Package delivery/supply               6,850   4240 International Pkwy., Ste.        75007      Atlanta, GA
                                   chain services                                180, Carrollton
Albertson's LLC                    Grocery retailer                      6,500   7580 Oak Grove Road, Fort             76140      Boise, ID
                                                                                 Worth
Bell Helicopter                    Helicopter and tiltrotors             6,500   600 E. Hurst Blvd., Hurst             76053      Providence, RI
                                   manufacturer, flight training
Southwest Airlines Co.             Commercial passenger airline          6,392   2702 Love Field Dr., Dallas           75235      Dallas
Tom Thumb Food & Pharmacy          Grocery retailer                      5,780   6770 Abrams Rd., Dallas               75231      Pleasanton, CA
Walgreens                          Retail drugstore chain                5,306   8112 Ridgepoint Dr., Ste. 200,        75063      Deerfield, IL
                                                                                 Irving
Children's Medical Center          Pediatric hospital                    4,939   1935 Medical District Dr., Dal-       75235      Dallas
                                                                                 las




                                                                                                             Source: Dallas Business Journal Book of Lists, 2010.




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                                                                                                                      International Trade
Location and infrastructure make Dallas an ideal logistics hub for distribution
across North America by rail, truck, and air.                                                                     Dallas Trade, 2003‐2009
                                                                                                  $70
The Dallas-Fort Worth International Airport serves as a regional Port of Entry                                                               Exports   Imports
to clear customs. Nonstop international flights provide access to 39
destinations in 22 countries.                                                                     $60


                                                                                                  $50
Dallas-Fort Worth District International Trade (In Millions)




                                                                                   $US Billions
                                  Imports 2008   Exports 2008   Total Trade 2008                  $40
World Total                          $34,518        $18,418          $52,936
                                                                                                  $30
1    China                           $14,842         $1,449          $16,290

2    South Korea                      $2,806         $2,147           $4,953                      $20

3    Japan                            $1,751         $1,169           $2,920
                                                                                                  $10
4    Malaysia                         $1,641          $819            $2,460
                                                                                                   $0
5    Taiwan                           $1,075         $1,335           $2,410                            2003   2004   2005    2006    2007   2008      2009
6    United Kingdom                   $1,251          $749            $2,000                                                  Year

7    Singapore                         $634          $1,182           $1,816

8    Thailand                          $960           $360            $1,320         The Dallas-Fort Worth Trade District is defined by the US Census
                                                                                     Bureau. Ports in the DFW District include: Dallas/Fort Worth, TX;
9    Germany                           $597           $595            $1,192
                                                                                     Amarillo, TX; Lubbock, TX; Oklahoma City, OK; Tulsa, OK; Austin,
                                                                                     TX; San Antonio, TX; Midland International Airport; Fort Worth Alli-
10 Greece                              $24           $1,142           $1,166
                                                                                     ance Airport, Addison Airport
Top 10 Share of
                                      74.1%          59.4%            69.0%
DFW District Trade
14 Mexico                              $157           $635             $793

28 Total Africa                        $102           $176             $277
Source: USA Trade Online
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                                                                                                     Logistics Infrastructure
Dallas is at the geographic center of North America and connected to the continent and the world by highway, rail and air. Within 48 hours from
Dallas, over 35% of the US population can be reached by truck and over 98% by rail. By plane, all major U.S. business centers can be reached in
3.5 hours or less.

DFW Airport provides non-stop access to 139 U.S. and 39 international cities, and is a hub for American Airlines. In 2009 DFW Airport served 56
million passengers and 638,000 tons of cargo, making it the world’s third busiest airport.

Dallas Love Field has three runways, flies 121 daily nonstop flights serving 7.7 million passengers annually, and is the home to the corporate head-
quarters of Southwest Airlines.

Dallas is a major interstate hub, with five interstate highways (I-20, I-30, I-35, I-635, and I-45) within the city limits, two major loop roads and 19
federal and state highways.

Three major rail lines pass through Dallas: Burlington Northern Santa Fe (BNSF), Kansas City Southern and Union Pacific. Four intermodal facilities
operate in the region.

Destination                  Distance (miles)   Air Travel (hours)   Road Travel (hours)
Atlanta                            781                  2                11.75 hour
Chicago                            986                2.25                   15
Denver                             882                  2                    13
Detroit                           1,216                2.5                   18
Kansas City                        554                 1.5                   8
Los Angeles                       1,435                3.5                   21
Memphis                            452                 1.5                  6.75
Mexico City                        940                 2.5                  N/A
Monterrey, MX                      540                  2                   N/A
Montreal                          1,785                3.5                   27
New York                          1,548                3.5                   24
Seattle                           2,200                4.5                   32
Toronto                           1,454                 3                    22
Vancouver                         2,335                4.5                   34
Washington, D.C.                  1,329               2.75                   20
Source: American Airlines (air), Google Maps (road), Times and distances approximate
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                                                                      Utilities and Public Transportation
Dallas Water Utilities provides over 400 million gallons of water daily to   There are 43 Dallas Area Rapid Transit (DART) light rail stations in the
Dallas and 23 surrounding cities and maintains a water supply plan to        city with an additional 6 scheduled to open between 2016 to 2018.
accommodate the next 50 years of growth for the city. Currently, the sys-    The DART system includes light rail, Trinity Railway Express (TRE) and
tem has the capacity to supply 900 million gallons of treated water daily.   buses serving Dallas and 12 surrounding cities, 220,000 passengers
                                                                             per day across a 700-square-mile service area.
Even as the population grows, water use is declining more than projected.
Since 2001, over 98 billion gallons have been saved through efforts such     The extension of the Green Line is the largest light rail construction
as leak detection, maintenance and repair, and conservation and reuse.       project in the U.S. The expansion opened December 2010, making
                                                                             Dallas Area Rapid Transit the second largest light rail network in the
 Dallas Water Utilities Water Usage                                          U.S.




                                      Time-of-day watering
                                      restrictions adopted




                                                                             DART Light Rail Station              New Green Line DART Station




                                                                                     DART Light Rail System
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                                                                                                                           Development Policy
                                                                                         Comprehensive Plan
         2006 Bond Package                           Dallas’ Commitment to
                                                          Invest in Itself               City Council adopted Dallas’ first comprehensive plan, forwardDallas!, in
    The $1.35 billion 2006 bond               (Recent Capital Bond Programs, Millions)
                                                                                         2006. It provides a vision of a former suburban Sunbelt boom town trans-
program approved by Dallas voters
                                                                                         formed into a thriving 21st century metropolis—a city that offers a balance
  is the largest in Dallas history.                                         $1,350
                                                                                         of urban and suburban living and working opportunities. The vision calls for:
                                                                                          An enhanced economy through balanced land use and strategic public
The overall mix of projects focuses
                                                                                             investments
  on core city assets with streets
($365M), flood control ($335M) and                                                        Quality housing made
    parks ($307M) receiving the               $544            $579                           more attainable
        majority of funding.                                                              Strong and healthy
                                                                                             neighborhoods
                                                                                          Enhanced transportation
                                              1998            2003           2006
                                                                                             systems
                                                                                          Environmental sustainability
Economic Development Plan                                                                 New development patterns

The Dallas City Council adopted a new economic development plan                          Complete Area Plans
in 2005. The plan, Strategic Engagement, has four main strategies
for preparing Dallas for the future:                                                        UNT Dallas campus area
    Build on core assets to create a vital center city that is the                        Trinity River Corridor,
      region’s urban focal point                                                              including seven planning
                                                                                              districts
    Invest in catalyst projects in southern Dallas to capitalize on its                   Stemmons Corridor—
      unique global trade potential and to provide a more balanced                            Southwest Medical District
      job and commuting environment
                                                                                         Form-Based Code
    Support redevelopment in retail and business centers throughout
      the city, particularly on transit routes, to serve Dallas’
                                                                                         The new Form-Based Code
      neighborhoods                                                                      makes it easier to develop
    Strengthen Dallas business clusters (headquarters, media,                          walkable mixed-use areas,
      telecommunications, IT services, trade, and diversified                            reducing automobile               forwardDallas! vision illustration of development
      manufacturing)                                                                     dependency through pedes-         types.
                                                                                         trian- and bicycle-friendly
A full version of Dallas economic strategy, called Strategic Engagement, is available    street design.                    For a full-size version visit:
at: http://www.dallas-ecodev.org/images/dallas_data/city_of_dallas_strategic_plan.pdf                                      www.dallas-ecodev.org/resources/plans-and-reports/
                                                                                                                           forwarddallas.htm


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                                                                                Redevelopment Programs
Growth is easily accommodated in Dallas. Opportunities for growth range
from green-field development to infill and redevelopment. There are no
geographic constraints, and as a relatively young city the infrastructure in
Dallas is newer than many large U.S. cities.

A renewed public interest in city living and the City of Dallas’ commitment
to making central Dallas a leading urban center have resulted in many
development and investment opportunities.

The City of Dallas has an active Tax Increment Financing (TIF) program to
facilitate redevelopment of neighborhoods primarily in and around
downtown, DART light rail stations and in areas with large concentrations of
aging multifamily. TIF districts allow the city to reinvest added tax revenue
from new development back into the area where it originated, which further
stimulates new private development and increases real estate values. Dallas
currently has 17 active TIF districts.

Dallas also has Public Improvement Districts (PIDs), which allow for certain
improvements above and beyond city services in neighborhoods that
choose to impose a special assessment tax on themselves. PIDs may
provide activities such as marketing for an area, additional security,
landscaping and lighting, street cleaning, and cultural and recreational
improvements.

The Neighborhood Investment Program (NIP) is another tool the City of
Dallas uses for redeveloping neighborhoods. NIP, which is administered by
the city’s Housing Department, is a public investment program involving five
targeted areas in Dallas that show signs of distress such as high numbers
of vacant lots, aging housing and code compliance complaints. The
Housing Department invests 60 to 80 percent of its resources within these
areas.




City of Dallas Economic Profile
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                                                                  24                                         214.670.1685
                                                                                                Next Update: January 2012
                                                                  Business Development Programs
Dallas has a diverse economy, but several industries   Economic Development Incentives
have historically performed well and grown into
leading sectors locally.                               Dallas offers an array of economic development incentives to qualifying businesses.
                                                       Incentives include:
The City of Dallas completed a major review of the
regional and city economies to identify driving            City of Dallas Regional Center
sectors that should continue to be the focus of
economic development attention.                            Economic Development Grants
                                                           Foreign Trade Zone
                                                           Freeport Tax Exemption
Targeted sectors include:                                  Historic Tax Incentives
                                                           Job Training
    Financial Services
                                                           Municipal Management Districts
    Building Design, Construction & Furnishing
    Company Headquarters & Operations                    New Market Tax Credits
    Food Manufacturing                                   Public Improvement Districts
    Instruments                                          Tax Abatement
    IT Services
                                                           Tax increment Financing (TIF) Public improvement Districts
    Logistics & Distribution
    Media
                                                       When you are ready to discuss your business or development needs contact the
    Telecommunications                               Office of Economic Development at 214-670-1685.
    Transportation, Manufacturing & Assembly


                                                       INCENTIVES NEGOTIATED OR PROPOSED BY CITY STAFF ARE SUBJECT TO SPECIFIC FEDERAL, STATE
                                                       AND LOCAL GUIDELINES, FUNDING AVAILABILITY AND CITY COUNCIL APPROVAL. DEPENDING ON THE
                                                       INCENTIVE, THERE MAY BE ADDITIONAL RESTRICTIONS BASED ON GEOGRAPHY, PROJECT SIZE AND
                                                       OTHER FACTORS.




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                                  Top Recent Relocations/Expansions in Dallas (Page 1 of 3)
Company                                 Year*   Product/Service                                                                  Employment

Cambium Learning Group Inc              2010    Curriculum and Educational Software                                                    200

Cushman & Wakefield of Texas            2010    Commercial Real Estate                                                                 100

Dean Foods                              2010    Food and Beverage Manufacturer

Deloitte LLP                            2010    Accounting and Financial Services                                                      161

In-N-Out Burger                         2010    Fast Food Restaurant                                                                   50

Interstate Battery System of America    2010    Battery Maker                                                                          100

Laboratory Corporation of America       2010    Clinical Laboratory                                                                     0

Moneygram International                 2010    Money Transfer Services                                                                150

The Neiman Marcus Group                 2010    Department Store                                                                       90

Advanced H20                            2009    Manufacturing and Distribution Warehouse; Water Bottling Plant                       100-120

Bombardier Customer Service             2009    Commercial Aircraft Component Repair and Overhaul Center Expansion                     200

Capital One Bank                        2009    Regional Commercial Headquarters; Bank                                                 80+

Energy Parametrics & Communications Inc. 2009   Headquarters; Green Energy Data Center                                                45-90

McCarthy Building Cos. Inc.             2009    Headquarters; General Contractor                                                       41

Mutual of Omaha                         2009    Texas Headquarters: Bank

Staubach Co.                            2009    Headquarters; Real Estate

USA Pallet & Logistics                  2009    Headquarters and Manufacturing; Pallet Construction and Repair

Viverae                                 2009    Headquarters; Health Management Software                                               110

                                                                                                  *Year relocation/expansion made or announced.
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                                  Top Recent Relocations/Expansions in Dallas (Page 2 of 3)
Company                               Year*   Product/Service                                                                 Employment

AT&T                                  2008    Headquarters; Telecommunications                                                      550

Autonomy etalk                        2008    Headquarters; Contact Center Call Recording and Analysis Software                    100+

Clark Consulting                      2008    Headquarters; Risk Management and Financial Solutions                                 76

Colo4Dallas LP                        2008    Office; Data Center Firm                                                              10

Daugherty Business Solutions          2008    Office; Technology Consulting                                                         15

DEMA Sewing Machines LLC              2008    Sewing Factory Liquidations and Sewing Machine Equipment

Gulfstream Aerospace Corp.            2008    Manufacturing; Aerospace                                                              150

Hensley Industries                    2008    Foundry Expansion

Home Depot                            2008    Distribution Warehouse; Home Improvement Distributor                                  500

McColl Partners LLC                   2008    Office; Investment Bank                                                               240

Nestle Water North America            2008    Manufacturing and Distribution Warehouse; Water Bottling Plant                        240

Niagara Bottling LLC                  2008    Manufacturing and Distribution Warehouse; Water Bottling Plant                       203+

Senator Promotional Group USA Inc     2008    Office; Promotional Products Supplier                                                 190

Speed FC Inc.                         2008    Distribution Warehouse; Distributor of Apparel and Luggage

Spherion Corp.                        2008    Office; Recruitment Process Outsourcing                                               200

TM Advertising                        2008    Headquarters; Advertising and Public Relations                                        350

Weber Shandwick                       2008    Office; Public Relations                                                              90

Alsbridge Inc.                        2007    Headquarters; Information Technology and Business Processing Outsourcing
                                              Consultants

                                                                                                *Year relocation/expansion made or announced.
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                                   Top Recent Relocations/Expansions in Dallas (Page 3 of 3)
Company                                Year*   Product/Service                                                                 Employment

Arbitron Inc.                          2007    Ratings Center Call Center                                                            200

Central Garden & Pet Co.               2007    Regional Distribution Center

Cirrus Health                          2007    Headquarters; Healthcare Development and Management

Comerica                               2007    Headquarters; Bank                                                                    200

Pecan Deluxe Candy Co.                 2007    Manufacturing: Add-on Ingredients for Desserts

Pollo Campero                          2007    U.S. Headquarters: Latin American Restaurant Chain                                    22

Public Strategies                      2007    Office; Public Relations

Schlegel Sports                        2007    Office; Sports Marketing Firm

Softlayer Technologies, Inc            2007    Office; Web Hosting Company                                                           84

Broadlane Inc.                         2006    Headquarters; Supply Cost Management Services Provider for Healthcare                 400
                                               Organizations
Dallas Morning News                    2005    Distribution and Production Facility; Newspaper Advertising Supplements               200

PHNS                                   2005    Headquarters; Health Care IT                                                          150

Pinnacle Technical Resources, Inc.     2005    Data Warehousing                                                                   100-150




                                                                                                 *Year relocation/expansion made or announced.


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                                                                                                     Catalyst: Trinity River
The Trinity River Corridor Project promises to change     The Trinity River Corridor Project will:   The Trinity River Corridor Project
Dallas’ image and redirect development patterns in                                                   received the 2007 American
North Texas.                                               Provide flood protection for the full   Institute of Architects’ highest
                                                             length of the corridor                  award for regional and urban
Through almost $2.0 billion in investment, including                                                 planning.
                                                           Manage the corridor in an urban
$270 million in city bond funds, the Trinity River will
                                                             setting, supporting mobility goals
be transformed into Dallas’ greatest park.
                                                             while enhancing environmental &
                                                             recreation benefits
The entire corridor, including commercial and
residential opportunity areas outside the park             Create important community and
greenbelt, includes over 40,000 acres with recreation        economic opportunities for the
activities within the river’s levees and redevelopment       neighborhoods bordering the Trinity
areas outside the levees.                                    River, including Downtown


Components now open include:

    Trinity River Audubon Center
    Boat launches at Sylvan Road and Loop 12
    Eight miles of hiking trails
    Lower chain of wetlands to assist with flood
      control

Components opening soon or under construction
include:

 Trinity River Standing Wave, opening in Spring
      2011
 Margaret Hunt Hill Bridge, designed by architect
   Santiago Calatrava, opening in October 2011
 Additional flood control repairs and enhancements
   at the 100 year protection level anticipated to be
   completed by December 2011
 Elm Fork Athletic Complex, under construction
   during 2011 & 2012


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                                                                     Catalyst: Expanded Downtown - CBD
Downtown redevelopment has created distinct neighborhoods such as             The City’s primary initiatives downtown include:
the West End, Main Street Core, the Arts District and Farmers Market.
                                                                               Residential conversions of obsolete office
 Construction began on the 1,000 room Omni Dallas Convention                   space
      Center Hotel in fall 2009. The $500 million project will be an anchor    Retail incentives and development
      on the south side of downtown and will include associated retail           complementary to existing anchors
      and entertainment developments. The hotel is scheduled to open in
      January 2012.
                                                                               Office relocation incentives aimed at a wide
                                                                                 range of functions
    A $338 million Arts District expansion, including the new Winspear
                                                                               A new Downtown Dallas 360 Master Plan
      Opera House and Wyly Theatre, opened in October 2009. The Arts
                                                                                 focusing on connecting existing assets and
      District now includes four major museums, three world-class
                                                                                 new opportunities
      performance venues, a 10-acre park, and mixed-use development                                                              CBD + 1 Mile Around
      for a live-play-work lifestyle.
    The first beams for the Woodall Rodgers Deck Park were laid in
      October 2010. The 5.2 acre park covers a major highway to
      connect downtown with the Uptown neighborhood.
    Site development began September 2010 on Belo Gardens, a 1.5
      acre park. Main Street Gardens, a new 1.75 acre park, opened in
      November 2009.
    A modern streetcar system is currently in the planning stages to
      improve mobility within downtown and open up new development
      opportunities.
    The expanded downtown (the CBD + 1 mile around) has seen:
             23,429 new/renovated housing units (existing, under
               construction or planned)
             3,755 hotel rooms (completed or under construction)
             $1.92 billion total investment (existing or planned) in two
               downtown TIF districts
             3.5 million sq. ft. of new or renovated office space

Major headquarter operations include: Comerica Bank, AT&T, Hunt Oil,
Neiman Marcus, Belo, Blockbuster and 7-Eleven.

Major retailers include: Neiman Marcus, Jos. A. Bank Clothiers, CVS
Pharmacy, AT&T, and 7-Eleven.

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                                                                Catalyst: Transit-Oriented Development
Dallas’ existing 45 light rail and commuter rail stations are             Dallas’s TOD initiatives are focusing on in-
attracting dense, mixed-use developments, such as                         town station areas on the blue and green
Mockingbird Station, Cityplace/West Village, South Side on                lines.
Lamar, and Park Lane.
                                                                          Transit-oriented development meets several
The Dallas Area Rapid Transit (DART) agency opened in                     goals for the city:
December 2010 a third light rail line that runs from the
northwestern edge of Dallas through downtown to the                        It adds sustainable density that can
southeast. The DART Green Line added 15 new stations in                      accommodate expected growth
the city limits. The federal government provided half of the
                                                                           It provides new retail, employment and
$1.4 billion total project cost.
                                                                             entertainment anchors for Dallas’
                                                                             neighborhoods                                           DART Rail Network
The city’s TOD initiatives are being supported by:
                                                                           It improves mobility
 Tax increment finance programs, including the TOD TIF                   It improves energy efficiency
   District, for the specific purpose of boosting development                                                            New Rail Developments
   near rail stations
 Infrastructure investment
 Master developer agreement

Existing Dallas Rail Development

                                                                                                                         Lake Highlands Town Center
                                                                                                                         Opening 2011




Mockingbird Station               Downtown                         SouthSide on Lamar




                                                                                                                         Park Lane
                                                                                                                         Phase 1 Opened Fall 2009

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                                                                                                                            Catalyst: Inland Port
Dallas is positioning its southern half to benefit from domestic and international trade with the International Inland Port
of Dallas (IIPOD). IIPOD, a public-private partnership, will be Dallas-Fort Worth’s third intermodal development (with DFW
Airport and AllianceTexas).

IIPOD is a catalyst for southern Dallas investment, job growth and development of sustainable communities. It will make
Dallas the nation’s premier logistics and distribution center.

The project takes advantage of Dallas’ interstate highways, two Class I railroads and the UP intermodal facility, focused
at the confluence of I-35, I-30, I-45, I-20, I-635 and the future Loop 9.

IIPOD will reduce bottlenecks and security issues at the nation’s coastal ports. It will use an Agile Port System to
                                                                                                                                                                     IIPOD Logistics Properties
speed processing from deep-water port locations inland and will enhance security (through technology) to facilitate the
customs process.

Multiple projects are currently underway, with over 6 million square feet of building construction completed - 2/3rds of
which is currently leased. More than 7,500 acres of industrial-zoned land is available within the site. Additionally, the
federal government approved almost 2,500 additional acres of IIPOD land to be included in Foreign Trade Zone #39.
At buildout in 2030, there will be 60 million sq. ft. of new facilities and 30,000 jobs related to warehousing, distribution,
assembly and office support.

As part of the city’s commitment to the IIPOD project, in October 2010 the City of Dallas, in partnership with the North
Central Texas Council of Governments, Dallas County, and other IIPOD cities, began an analysis of the infrastructure
needs in the IIPOD area to ensure successful future growth. Phase 1 completion is scheduled for January 2011.




                 Courtesy of                                                                                                           Courtesy of
                 the Allen Group and KimleyHorn and Associates   Courtesy of Urban Land Institute   Courtesy of Urban Land Institute   Allen Group and KimleyHorn & Associates


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                                                       Catalyst: Expanded Downtown - Uptown
Uptown, the neighborhoods north of the CBD, has boomed over the               The City’s primary initiatives Uptown include:
past 30 years. It is the mixed-use lifestyle center of DFW with
neighborhoods like State-Thomas, Victory Park, Turtle Creek and the            Infill development of medium-density
West Village.                                                                    mixed-use residential and office buildings
                                                                               Retail incentives and development comple-
    The State-Thomas TIF District was successfully retired in 2008, two
                                                                                 mentary to existing anchors
      years ahead of schedule, following two decades of supporting the
      development of a mixed-use neighborhood characterized by elegant         Office relocation incentives aimed at a
      apartments and townhomes.                                                  wide range of functions
    Further up McKinney Avenue is the West Village, a growing retail,        Strengthening connections between down-
      residential, and entertainment destination. The West Village is part       town and Uptown
      of the CityPlace TIF District. Since 1992, the CityPlace TIF District
      has added nearly 2,700 residential units and 730,000 SF of                                                                Uptown
      commercial space.
    Victory Park includes the Sports Arena TIF that supported
      infrastructure costs related to the American Airlines Center, home of
      the Dallas Stars (NHL) and Dallas Mavericks (NBA).
    The first beams for the Woodall Rodgers Deck Park, covering a
      major highway to connect downtown with the Uptown neighborhood,
      were laid in October 2010
    Improvements to and modernization of the existing M Line streetcar
      in Uptown are underway better integrating DART rail with Uptown.
    The four Uptown TIF districts have cultivated:
          4,812 new/renovated housing units (existing, under construction
            or planned)
          634 hotel rooms (completed or under construction)
          $2.34 billion total investment (existing or planned)
          2.63 million sq. ft. of new office space (existing or planned)
          736,500 sq ft of new retail space (existing or planned)

Major headquarter operations include: Dean Foods, Holly Corp.,
Moneygram, Balfour Beatty, Energy Transfer Partners, HKS, Crosstex
Energy, Univision Radio, and Texas Capital Bank.

Major retailers include: Munia, V.O.D., Christopher Martin Gallery, Q
Custom Clothier, Tommy Bahama, Transit Bicycle Co, Borders Books &
Music, Lucky Brand Jeans, Ideal Image, Gap, and Banana Republic.

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                                                                                   Catalyst: UNT Dallas Campus
The University of North Texas at Dallas opened its doors in
southern Dallas at Camp Wisdom Rd. and University Hills
Blvd. in 2006. With a goal of expanding to 25,000 full-time
students by 2030, the campus will anchor an area that still
contains large open tracts of undeveloped land at the city’s
southern edge.

The second campus building opened in fall 2010, and plans
for the third building are in an advanced stage. The Fall 2010
semester had 2,159 students enroll, including the university’s
first freshman class.                                                   University of North Texas at Dallas:
                                                                        Second Completed Building
The city and the university administration have completed a                                                                 UNT Dallas Plan Area
master plan for the area to ensure that the campus will
integrate seamlessly with surrounding developments.                     UNT Area Plan:          Consensus Vision
Likely projects on the university’s periphery include research
parks, mixed-use retail and housing in a main street
configuration serving students and staff, high-end single family
neighborhoods and dense freeway commercial areas, including
office and retail. A university-centered Dallas Independent
School District magnet high school is currently under
construction on the north end of the UNT-Dallas campus.

The university’s academic plan calls for an initial focus on
management and technical programs combined with a more
traditional liberal arts curriculum. With a young and growing
population, southern Dallas will be capable of providing a
steady stream of students to this new campus, and the
university will, in turn, provide the workers needed to support
Dallas’ growing economy.

An extension of the DART Blue Line south from Ledbetter Rd.
adding stations at Camp Wisdom Rd. and the southwestern
edge of the University of North Texas at Dallas campus is
currently under analysis and is scheduled to begin service in
2019.


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                                                                                     Catalyst: Lancaster Corridor
The initiative is designed to deliver new mixed-use, mixed-income housing and new and redeveloped retail centers. The
program also includes better police and code improvement operations to increase investor and developer interest in
southern Dallas neighborhoods.

The Lancaster Corridor connects downtown Dallas to the UNT-Dallas campus and the International Inland Port of
Dallas (IIPOD). It is also home to four DART Blue Line light rail stations, and the Dallas Veterans Administration
Medical Center, a major employer and draw for outside visitors.

In 2009, the Office of Economic Development won council approval for the Transit-Oriented Development (TOD) tax
increment financing (TIF) district, to fund redevelopment at these DART stations.

McCormack-Baron-Salazar, in partnership with The Real Estate Council Foundation and the Office of Economic
Development, released A New Paradigm: Strategies for Revitalizing Dallas’ Distressed Neighborhoods, a report on the            Lancaster Corridor
city’s affordable housing and transit-oriented development strategy. The report evaluates best practices around the
United States as well as a detailed concept project for the Lancaster Corridor.

In 2011, construction will begin on the Lancaster Urban Village, a $25 million mixed-use project adjacent to the Dallas
VA Medical Center and the DART VA Medical Center light rail station. The transit-oriented development will add 193
housing units and 14,000 square feet of retail to the corridor. Additionally, Lancaster Urban Village project’s phase
two includes expansion of the headquarters of the Urban League of Greater Dallas and North Central Texas to include
additional 47,000 sq. ft. of space for workforce training and conferences. The project is the first public-private
partnership with the TOD TIF district in the Lancaster Corridor.




Ledbetter DART Station             Dallas VA Hospital                     Lancaster-Kiest Shopping Center


City of Dallas Economic Profile

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                                                                                                                                                    Taxes
  Local Property Tax Per $100                       Franchise/Margin Tax
  (Real & Business Personal Property)*
  2009-2010                                            Applicable to any legal entity doing business in Texas and that is organized to have
                                                         some form of limited liability protection (i.e. corporations, partnerships and business
   City Rate                            $0.797000        associations).

   County Rate                          $0.623330
                                                       Does not apply to sole proprietorships, general partnerships that have only individuals
   School Rate (DISD)                   $1.237811        as partners, or entities with gross receipts of $1 million or less.*
   Total                                $2.658141
                                                       Most businesses pay 1% of gross revenue minus one of three options: the cost of
   *Homeowner and other exemptions may apply.
                                                         goods sold, employee compensation or 30% of total revenue.

 Dallas Sales Tax*                                     Qualified wholesalers and retailers pay 0.5%.
 State                                 6.25%
 Local                                 2.0%            For more information, contact the Texas Comptroller of Public Accounts at
                                                         1-800-252-1381 or at http://www.window.state.tx.us/taxinfo/franchise/.
 Total                                 8.25%
                                                    *Effective for reports originally due on or after January 1, 2010. The threshold becomes $600,000 for reports
 *Exemptions, such as manufacturing, may apply.     originally due on or after January 1, 2012.


 Taxes that Dallas and Texas DO NOT
 Impose
  Personal Income Tax (State or Local)
  Local Occupation Tax
  Local Wage Tax
  State Property Tax




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                                                                                                                   Cost of Living
The ACCRA Cost of Living index consistently reports that it is less expensive to live in Dallas than
the rest of the U.S. Dallas’ total cost of living is 8.1% lower than the U.S. average
                                                                                                       City of Dallas
There is no personal or corporate income tax in Texas. Texas ranked 43rd among 50 states in
                                                                                                       Cost of Living
total state and local tax burden in 2008. (Source: Tax Foundation)
The median sales price of an existing single family home in Dallas-Fort Worth was $134,700 in the      Item                      U.S Average=100
second quarter of 2010, according to the National Association of Realtors. This is the second
                                                                                                       Total                              91.9
lowest price in the largest 20 U.S. metro areas. The U.S. average was $176,900.
                                                                                                       Grocery                            96.3
Because of the combination of low taxes, reasonable housing costs and low cost of living, Dallas
residents enjoy a strong and competitive economic environment.                                         Housing                            69.6
                                                                                                       Utilities                          105.0
                                                                                                       Transportation                     102.3
                                                                                                       Health                             103.1
Combined Cost of Living: Ten Largest Cities Areas                                                      Miscellaneous                      100.9
                                                                                                       Source: ACCRA 2010, Second Quarter.
                          Dallas                        91.9
                     Houston                            91.9
                                                                                                       State Tax Per Capita in 2009
                         Atlanta                         96.0
                           Miami                            105.2                                      U.S                           $ 2,329

                     Chicago                                    116.8                                  Texas                         $ 1,646
                                                                                                       Source: U.S. Census Bureau, State Government Tax
             Philadelphia                                            125.0                             Collections Report.

                        Boston                                        131.1
            Los Angeles                                               133.3
Washington, D.C.                                                        139.7
                  New York                                                                     209.7


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                                                                                                                                                         Utilities
                                                                                     Electricity
Dallas Water Utilities—                  Water Cost        Sewer Cost                Most of Texas, including Dallas, is in a deregulated area for
Residential1                       Per 1,000 Gallons Per 1,000 Gallons               electricity choice. Business customers may choose from multiple
                                                                                     electricity providers and negotiate best rates based on their
Up to 4,000 Gallons                                  $1.56                   $4.34
                                                                                     individual needs. For more information about Texas electricity
4,001 to 10,000 Gallons                              $3.15                   $4.34   providers, visit www.powertochoose.com.
10,000 to 15,000 Gallons                             $4.33                   $4.34   As a general guideline, a mid-sized manufacturer might expect a
Above 15,000 Gallons                                 $5.80                   $4.34   rate between 4.5 to 5.5 cents per kilowatt hour. This is an
                                                                                     estimate and is subject to change.

                                                                                                                      Customer
Dallas Water Utilities—                 Water Cost                 Sewer Cost        Natural Gas2                                          Commodity Charge/McF
                                                                                                                     Charge/Mo
General Services1                 Per 1,000 Gallons          Per 1,000 Gallons
                                                                                     Residential                            $16.78                                $0.4315
Up to 10,000 Gallons                                $2.14                    $2.85
                                                                                     Commercial
Above 10,000 Gallons                                $2.61                    $2.85                                          $32.17                                $0.5748
                                                                                     (<3,000 avg. McF/Yr)

Above 10,000 Gallons and                                                             Industrial                           $584.57                   $0.0159 to $0.1373
                                                    $3.83                    $2.85
1.4 Times Annual Average                                                             2
                                                                                      Excludes additional charges such as gas cost recovery, weather normalization, taxes and
                                                                                     fees. Rate is current as of October 1, 2010 and is subject to change.
                                                                                     Source: Atmos Energy Corp Tariffs for Mid-Tex. http://www.atmosenergy.com/about/
                                                                                     tariffs.html?st=mtx&pass=1
Dallas Water Utilities—
                                           Water Cost                   Sewer Cost
Optional General Services1
                                                                                     Telephone3                                                                  Price/Mo
1st Million Gallons or Less
                                               $1,650.21                     $2.79   Single flat business line with unlimited long distance                              $50
(Minimum)
Above 1 Million Gallons                                                              Small office with T-1-type facility (about 150 voice
                                                    $2.15                    $2.79                                                                           $625 to $750
(Per 1,000 Gallons)                                                                  lines with limited data)
Sewer Metered Separately                                                     $2.88
                                                                                     Higher bandwidth with 150 voice lines and more data                     $700 to $850
1
Prices reflect prompt-pay discount and are effective October 1, 2010.                3
                                                                                     Estimate
                                                                                     Source: AT&T



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                                                                                                                                           For Employers
Unions
Texas is a right-to-work state:
    Mandatory union membership is prohibited.
    No person can be denied employment or otherwise discriminated against in employment decisions based on the status of his or her membership
      in a union.


2009                                                               Union Members               % of Workforce               Covered Workers       % of Entire Workforce

DFW Total Workforce Organized                                                   142,962                          5.0%                  165,306                         5.8%

DFW Private Workforce Organized                                                   77,143                         3.1%                   87,659                         3.5%

DFW Public Workforce Organized                                                    65,819                       18.9%                    77,649                        22.3%

State of Texas Total Workforce Organized                                        508,101                          5.1%                  615,393                         6.2%
Source:     http://www.unionstats.com/; U.S. Bureau of Labor Statistics, BLS Data on Unions, http://www.bls.gov/bls/blsuniondata.htm




                                                                                                Unemployment Insurance
                                                                                                2010 taxable base is up to $9,000 per employee per quarter.
Workers’ Compensation
                                                                                                                                                                2009 Rate
    In most cases, workers’ compensation coverage is voluntary.
    Rates that companies pay for coverage vary based on the
                                                                                                Existing Employers (after 6 quarters of existence)          0.72 % to 8.6%
      company and that company’s past history.
                                                                                                                                                          Higher of 2.7% or
    Average weekly wage is $766 for 2010.                                                     New Employers
                                                                                                                                                          applicable industry

Source: Texas Department of Insurance, Workers’ Compensation Division.
                                                                                                Maximum Weekly Benefit                                                  $415
                                                                                                Source: Texas Workforce Commission.




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                                                                                                      Career Opportunities
                                                                       Dallas City Payroll Employment By Sector (2009)
Dallas’ diverse business environment offers almost any
career the opportunity to grow. Over 65,000 businesses call            Professional and Business Services                                          19.2%
the City of Dallas home, including global leaders such as              Trade, Transportation, and Utilities                                        18.8%
Texas Instruments, AT&T, Celanese (ACS) and Southwest
                                                                       Government                                                                  13.5%
Airlines. Dallas’ 53,000 small business offer numerous
employment opportunities.                                              Education and Health Services                                               11.2%
                                                                       Financial Activities                                                        10.5%
                                                                       Leisure and Hospitality                                                       9.1%
    23 Fortune 500 companies are based in the Dallas area.
                                                                       Manufacturing                                                                 7.1%
    Dallas job growth rate has exceeded the nation since             Natural Resources, Mining & Construction                                      4.4%
      2003 and is forecasted to grow faster than the nation
      through 2016.                                                    Other Services                                                                3.3%
                                                                       Information                                                                   2.9%
    Dallas’ unemployment rate has been below the nation’s            Source: Texas LMI, Bureau of Labor Statistics and Dunn & Bradstreet.
      throughout 2010.
    DFW has 227,350 technology jobs, constituting 39               Percentage Change in Employment for 12 Largest Metro Areas
      percent of all technology jobs in Texas, creating the                            July 2009 to July 2010
      state’s deepest technology labor pool. Texas is the
      second largest cyber state in the United States.                                                                    Dallas                                   2.0%

                                                                                                                          Detroit                   1.2%
                                                                                                                          Boston              0.9%

                                                                                                                 Miami            0.3%
                                                                                                                   D.C. 0.0%
                                                                                                                0.0%       New York
                                                                                                             -0.2%         Houston
                                                                                                         -0.3%             Chicago
                                                                                                   -0.7%           U.S.
                                                                                  -1.5%                  Los Angeles
                                                                                 -1.6%                San Francisco
                                                                     -2.3%                              Philadelphia
                                                                    -2.4%                                       Atlanta

                                                                                                                        Source: U.S. Bureau of Labor Statistics.
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                                                                              Primary & Secondary Education
Primary and Secondary Education in Dallas
In 2009-10 there were 187 state-designated exemplary and recognized public school campuses in the city. Of the five largest districts that serve the
City of Dallas, Dallas Independent School District (ISD) had 125, Richardson ISD 37, Duncanville ISD 10, Plano ISD 9, and Carrollton-Farmers Branch
ISD 6 exemplary or recognized schools that Dallas students attend.
Dallas ISD schools continue to show rapid and comprehensive improvement in academic achievement. The number of schools rated exemplary by
the Texas Education Agency has increased from fourteen in 2007 to sixty-three in 2010.
DISD has two of the top five public high schools in the nation in 2010, according to Newsweek. The School for the Talented & Gifted was named
#1 and the School of Science and Engineering was ranked #4. Eight DISD high schools, and one in the Richardson ISD, rank in the top 700
nationally.
Thirty-eight state-registered charter school campuses are operating within the City of Dallas for the 2010-2011 school year in grade range of Pre-
Kindergarten to 12th, including eighteen offering grades K-5, twenty three with grades 6-8, and 16 with high schools.
Dallas is home to eighty private schools holding classes in a range of Pre-Kindergarten to 12th grade. Among the specialties of the city’s private
schools, twenty-nine are Christian, (seventeen Catholic), nine are for special needs, eight are Montessori, and five are Jewish.
The growing diversity of the Metroplex is reflected in the variety of international schools that call Dallas home. Classes are available in twenty-one
international schools in languages ranging from French to Arabic, Hungarian to Japanese.




                                                                                                               School District                  Enrollment
                                                                                                               Dallas ISD                         157,352
                                                                                                               Plano ISD                           54,203
                                                                                                               Richardson ISD                      34,407
                                                                                                               Carrollton-Farmers Branch ISD       26,257
                                                                                                               Duncanville ISD                     12,660
                                                                                                               Total                              284,869
                                                                                                               Source: Texas Education Agency
 St. Phillip’s School, South Dallas   Booker T Washington High School for   North Dallas High School, Uptown
                                      the Performing Arts, Downtown
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                                                                                                                              Colleges and Universities
                                    Higher Education in Dallas
                                    There are 25 colleges and universities in North Texas, including nine in the Dallas city
                                    limits or literally across the street.
                                    Southern Methodist University, the University of Texas at Dallas, the University of North
                                    Texas at Dallas, Dallas Baptist University, Paul Quinn College, Criswell College, Dallas
                                    Theological Seminary, and the University of Dallas provide a diverse set of opportunities
                                    for four-year and advanced degrees in or adjacent to the City of Dallas.
                                    The University of Texas Southwestern Medical Center at Dallas boasts three Nobel
                                    laureates on its faculty, more than any other Texas university.
                                    Dallas County Community College District has nine campuses, five of which are in Dallas.
                                    Area universities granted nearly 1,500 doctoral degrees in the 2008-09 school year.



                                    2010 DFW Educational Attainment:                   Colleges and Universities                      Enrollment
                                     20.2% have a bachelor’s degree                  Public Universities                               97,675
                                     9.8% also have a graduate or                    Private Universities                              31,229
                                      professional degree                              Community Colleges                               154,915
                                    Source: 2009 American Community Survey 1-Year      Total                                            283,819
                                    Estimates.                                             Source: Texas Higher Education Coordinating Board




Courtesy of SMU, Hillsman Jackson                      Courtesy of DBU, Pete Lacker                   Courtesy of UT Dallas

Southern Methodist University                           Dallas Baptist University                     University of Texas at Dallas

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                                                                                                                                                 Quality of Life
                                                                                                       Comfortable
                                                                                                       Average temperature: January (44.1°F), July (85.0°F)
                                                                                                       Average precipitation: rainfall (34.7 in), snowfall (2.6 in.)
                                                                                                       Annual number of sunny/partly sunny days is 223.
                                                                                                       Cultural
                                                                                                       The largest arts district in the U.S. just completed a $338 million
                                                                                                       expansion adding the Winspear Opera House and the Wyly Theater
                                                                                                       to the existing mix of cultural institutions including the Dallas
                                                                                                       Museum of Art, the Morton H. Meyerson Symphony Center and the
                                                                                                       Nasher Sculpture Center.
  Winspear Opera House                                       Patio Dining in Uptown
                                                                                                       Fair Park is a cultural and entertainment center on 277 acres of
                                                                                                       landscaped grounds two miles from downtown. This National
                                                                                                       Historic Landmark has the largest collection of Art Deco architecture
                                                                                                       in the world and hosts the largest state fair in the country, the
                                                                                                       State Fair of Texas.

                                                                                                       Dallas has 24 libraries with 6.1 million items in circulation.
                                                                                                       Fun
                                                                                                       Hometown to Neiman Marcus, Dallas is well-known for its
                                                                                                       abundance of shopping opportunities with over 70 million square
                                                                                                       feet of retail space.
 White Rock Lake Park                                        Dallas Museum of Art
                                                                                                       The Dallas area has more restaurants per capita than any other
                                                                                                       U.S. city.

                                                                                                       The Dallas park system includes 41 community and neighborhood
                                                                                                       recreation centers, 1,020 sports complexes, 490 playgrounds/picnic
                                                                                                       areas and 62 miles of hiking and biking trails. The Great Trinity
                                                                                                       Forest, with 6,000 acres, offers additional natural trail experiences.
                                                                                                       Not part of the city’s park system, the Dallas Zoo and Dallas
                                                                                                       Arboretum provide additional recreational opportunities.
                                  Courtesy of Lisa Steward
                                                                            Source: Dallas Arboretum
                                                                                                       Professional sports opportunities include the Dallas Cowboys (NFL),
 NorthPark Center                                            Dallas Arboretum                          Dallas Stars (NHL), Dallas Mavericks (NBA), Texas Rangers (MLB)
                                                                                                       and FC Dallas (MLS)


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                                                                                  Shopping & Dining Opportunities
  Major Shopping Centers and Entertainment Districts
  Galleria Dallas, a unique urban shopping destination with attached hotel and office buildings, has more than 200 nationally and internationally
  recognized shops and restaurants surrounding an impressive ice rink. It hosts over 19 million visitors annually.
  NorthPark Center recently completed a $235 million expansion and is now over 1.9 million square feet with 235 distinctive stores and restaurants. It
  is decorated with modern art pieces from the collection of Raymond and Patsy Nasher.
  Downtown Dallas is home to Neiman Marcus’ flagship store as well as boutiques, chain retailers and a growing farmers market scene. Nearby West
  Village and Uptown are popular mixed-use destinations for shops and restaurants.
  The Asian Trade District along Harry Hines Boulevard and Royal Lane is known for its Asian flavor and affordable retail and wholesale goods. Sam
  Moon Trading Co. is a huge draw for shoppers looking for trendy accessories at bargain prices.
  The Dallas area has more restaurants per capita than any other U.S. city. Clusters of unique restaurants and shops are scattered throughout the city,
  notably in destinations in downtown, Uptown, Bishop Arts District, Deep Ellum, Greenville Avenue, Knox-Henderson and Lakewood.




Courtesy of Galleria Dallas
      Courtesy of The Galleria Dallas                          Courtesy of Mike Hemme, Corgan Associates, Inc.

                                    Galleria Dallas         Lakewood                       Dallas Farmers Market              Asian Trade District          Deep Ellum




                                         West Village          NorthPark Center                        Bishop Arts District                            Knox-Henderson
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                                                                                              Recreation Opportunities
The Dallas park and recreation system includes 17 lakes, 62 miles of jogging and bike
trails, 41 recreation centers, 1,020 sports complexes, 490 playgrounds and picnic areas,
21 pools, six 18-hole golf courses, and two driving ranges. Covering 21,000 park acres
it’s the ninth largest parks system in the U.S.
One of the most popular spots for jogging, bike riding and sailing is White Rock Lake.
The Dallas Arboretum is on the shores of the lake and hosts numerous special events
yearly.
The Santa Fe and Katy Trails connect walkers, runners and cyclists north and east of          Woodall Rodgers Deck Park
downtown through in-town neighborhoods. Off-road biking trails wind through creeks and                        Rendering
woods minutes from downtown at the Oak Cliff Nature Preserve and others.
                                                                                                                                                Dallas Zoo
Four new urban parks are being developed for downtown, starting with Main Street
Garden (completed late 2009), Belo Gardens (under construction), and a 5-acre deck
park spanning Woodall Rodgers freeway (under construction) to connect downtown and
Uptown.
The Trinity River Corridor Project includes the development of a number of trails, athletic
fields, lakes, the Trinity River Audubon Center, and an equestrian center along the Trinity
River through the heart of the city. In total, the Trinity will create a 10,000-acre park
including almost 6,000 acres of forest.
Fair Park is a cultural and entertainment center on 277 acres of landscaped grounds just
two miles from downtown. This National Historic Landmark has the largest collection of                                       State Fair of Texas, Fair Park
Art Deco architecture in the world and hosts the largest state fair in the country, the
State Fair of Texas. Several museums and performance venues call Fair Park home.               Dallas Mavericks Basketball



The Dallas area is home to teams in all five major professional sports:
    Dallas Cowboys (football)
    Dallas Mavericks (basketball)
    Dallas Stars (hockey)
    FC Dallas (soccer)
                                                                                              Trinity River Audubon Center
    Texas Rangers (baseball)
                                                                                                                                         Dallas Arboretum



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                                                                                                                                 Health Care Assets
Dallas is home to recognized hospitals that are consistently ranked top in the                              U.S. News & World Report 2010 hospital rankings:
nation. The city has many clinics, doctor’s offices and diagnostic services
offering comprehensive care and treatment. With over 5,200 direct care
                                                                                                               Children’s Medical Center Dallas is 2nd in pediatric orthope-
physicians, almost 20,000 registered nurses, and over 1,400 dentists in Dallas
                                                                                                                 dics, 11th in pediatric urology and 16th in pediatric cancer
County, quality health care is easily available.
Source: Texas Department of State Health Services, County Supply and Distribution Tables, September 2009.
                                                                                                               UTSWMC is ranked in the top 50 nationally in six categories
                                                                                                                 of care
                                                                                                               Baylor University Medical Center at Dallas is ranked in the
                                                                                                                 top 50 in three categories
                                                                                                               Parkland Memorial Hospital is ranked 23rd in gynecology
Major City of Dallas Hospitals                                                                                   and 48th in orthopedics
                                                                 Staffed/Licensed            Doctors
                                                                                                               Baylor Institute for Rehabilitation is ranked as the 18th best
                                                                       Beds
                                                                                                                 rehabilitation hospital
Baylor University Medical Center at Dallas                              1,025                  1,225

Parkland Health and Hospital System                                      968                   1,110

Texas Health Presbyterian Hospital Dallas                                866                   1,295        Dallas Health Care Excellence
Medical City Dallas                                                      677                   1,175
                                                                                                            There are three Active Nobel Laureates on faculty at
Methodist Dallas Medical Center                                          515                    251         UTSWMC.
Children’s Medical Center Dallas                                         483                    850         Level I trauma centers at Parkland Memorial Hospital and
University of Texas Southwestern Medical                                 423                   1,111        Baylor University Medical Center.
Center (UTSWMC)
                                                                                                            Children’s Medical Center Dallas is the only Level I
Methodist Charlton Medical Center                                        254                    238         pediatric trauma center in Dallas-Fort Worth.
VA North Texas Health Care System                                        N/A                    426
                                                                                                            There are three Dallas schools of higher education
Source: Dallas Business Journal Book of Lists, 2009.                                                        in health sciences.




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                                                                                    Climate and Ecology
                                       Weather
                                       The weather in Dallas is moderate, with very warm summers and cool but
                                       comfortable winters. Dallas experiences four distinct seasons with summer
                                       running from June through September. Temperatures reach their zenith during
                                       July and August when they can reach 100°F (38°C.)

                                       Winter in Dallas is usually mild and lasts from November through February and
                                       daytime temperatures can reach up to 66°F (19°C), but temperatures can dip
                                       below freezing.

                                       Dallas receives most of its visitors in the Spring, April and May, when thunder-
                                       storms are common and rainfall comes in heavy bursts.

                                            * Average rainfall is 34.7 inches per year.
                                            * Average snowfall is 2.6 inches per year.
                                            * Annual number of sunny/partly sunny days is 223.


                                       Ecology
                                       Dallas lies between the Piney Woods of east Texas and the Great Plains in the
                                       Blackland Prairie. Rolling grasslands are laced with bottomland forests along
                                       rivers and creeks. The Trinity River runs through the city, and just south of
                                       downtown is the 6,000-acre Great Trinity Forest, home to an estimated 1,300
                                       plant and animal species.
                                       Sources: World Wildlife Fund, Texas Parks and Wildlife Department, U.S. National Weather Service, City of Dallas




                                       Trinity River Audubon Center              Trail in Great Trinity Forest                      White Rock Lake

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                                                                                        Environmental Stewardship
Environmental Initiatives

Dallas understands that doing business in a sustainable way enables an
organization to provide its services more efficiently. For decades, the City of
Dallas has demonstrated a commitment to environmental responsibility and
innovation in running the city.

    One of the first major U.S. cities to pass a comprehensive green building
      standard for both residential and commercial buildings (2009).
    First U.S. city to implement an ISO 14001 certified environmental
      management system (2008).
    41% of the city’s vehicles are alternative-fueled or hybrids.
    40% of the city’s power is renewable energy, primarily wind power.
    McCommas Landfill captures methane gas, and an Enhanced Leachate
      Recirculation system accelerates decomposition extending the landfill’s life.
    Since 2001, conservation strategies have saved 70 billion gallons of water.       The new Trinity Audubon Center is a LEED Certified environmental
                                                                                        education facility.
    Since 2003, city facilities have reduced energy use by almost 5% annually.
    Residential recycling increased over 300% 2006 to 2009. In fiscal year 2008-      Community Sustainability
      2009 alone the City recycled 18,000 tons from residential, internal City, hotel
      clients, multifamily pilot, and 4 quarterly Stop Drop & Go e-waste collections.   Bicycle Advocacy and Complete Streets      The city’s 2011
                                                                                        Bike Plan Update combines public input and professional
                                                                                        recommendations to improve bicycle infrastructure. Grass-
Accolades
                                                                                        roots support and public policy are creating more complete
    Dallas was chosen as pilot Sustainable Skylines city by EPA (2007) to evaluate    streets, providing space for pedestrians and cyclists of all
      sustainable issues and programs for metro areas, particularly air quality.        ages.
    The EPA rated the City of Dallas one of the top ten purchasers of sustainable
      electric power (2010).                                                            Public Transit Dallas Area Rapid Transit runs buses, light
    The city is 8th in number of Energy Star rated buildings (2009) as calculated     rail and the Trinity Railway Express through Dallas and 12
      by the EPA.                                                                       surrounding cities. The Green Line's 28 mile addition in
    The National Resources Defense Council named Dallas one of 12 Smarter Cit-        2010 makes Dallas Area Rapid Transit the second largest
      ies for energy initiatives (2010).                                                light rail network in the U.S.

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                                                                                                                Cultural Arts
                                                                The cultural arts community stands as a byproduct of the economic success
                                                                in Dallas. Most recently, more than 100 private donors contributed $1 M or
                                                                more to support the AT&T Performing Arts Center.

                                                                The Dallas Arts District brings together renowned performance halls and
                                                                museums to form a diverse arts destination that continues to grow.
                                                                Residences and restaurants add to the area’s entertainment and architectural
                                                                assets. A $338 M expansion culminated in the 2009 Grand Opening of the
                                                                Margot and Bill Winspear Opera House, the Dee and Charles Wyly Theater,
Meyerson Symphony Center          Winspear Opera House
                                                                Performance Park, and the Annette Strauss Artist Square. City Performance
                                                                Hall should be complete in 2011. The district is also home to the Dallas
                                                                Museum of Art, Meyerson Symphony Center, Nasher Sculpture Center and
                                                                Booker T. Washington High School for the Performing and Visual Arts.


                                                                 A collection of 236 works of public art are showcased in the city.
                                                                 Cultural centers—such as the Bath House Cultural Center on the shores
                                                                   of White Rock Lake, the Latino Cultural Center and the South Dallas
                                                                   Cultural Center—provide intimate venues for performing and visual arts.
Nasher Sculpture Center           Dallas Museum of Art           The Dallas Museum of Nature and Science has begun construction on a
                                                                   new $155 M facility near Victory Park and downtown.
                                                                 The grounds of Fair Park are home to several museums, including the
                                                                   Women’s Museum and the African American Museum.
                                                                 Modern art lovers will appreciate the Dallas Center for Contemporary Art,
                                                                   the McKinney Avenue Contemporary and the Museum of Geometric and
                                                                   MADI Art.
                                                                 The Meadows Museum at Southern Methodist University holds one of
                                                                   the largest collections of Spanish art outside of Spain.

McKinney Avenue Contemporary      Latino Cultural Center         Fort Worth is known for the Kimball Art Museum, the Modern Art
                                                                   Museum of Fort Worth, the Amon Carter Museum and the Bass
                                                                   Performance Hall
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                                                                                             CBD Opportunity Area
Dallas’ Central Business District (CBD) is the heart of the city and the entire
Dallas-Forth Worth area. It is an established business district with abundant Class
A office developments and an increasing number of residential and retail options.

 Surrounded by diverse neighborhoods that provide multiple in-town residential
      options.

 Superior accessibility via train, bus, and car. Close proximity to both Love Field
      and DFW International Airport.

 Focal points include the Arts District, West End entertainment district, Farmers                                                             1-Mile Radius
      Market, JFK memorial & museum and the Dallas Convention Center.                                                                           5-Mile Radius

 Over $165 M capital investment approved in the 2006 Bond Program.
                                                                                        Construction in the CBD
 The city’s comprehensive plan, forwardDallas!, envisions this area as a regional
      urban center.                                                                           Area Statistics                         1-Mile         5-Mile

                                                                                              Total Population                         15,350       353,319
Development/Redevelopment Opportunities:                                                      Average Household Size                      3.4             2.8
       Mixed-use residential and retail infill                                              Median Age                                 34.2           33.0
       Commercial conversion to residential                                                 # of Households                           4,525       126,581
       Office                                                                               Median Household Income                 $56,462       $44,233
       DART rail stations and trolley stops                                                 Office Inventory (sq. ft.)              42.8 M        74.7 M

                                                                                              Industrial Inventory (sq. ft.)           5.1 M        73.1 M

                                                                                              Retail Inventory (sq. ft.)               7.4 M        26.5 M
                                                                                              Total Business
                                                                                                                                        7,043        30,884
                                                                                              Establishments
                                                                                              Total Jobs                              113,714       393,062

                                                                                               Source: SRC, 2009 estimates; Costar.


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                                                                                          Galleria Opportunity Area
The Galleria area is home to its namesake mall, the Dallas Galleria, as well as
Valley View mall. Also defining the area are gleaming office towers, major business
operations and high-end hotels. FedEx Kinko’s, Atmos Energy, Susan G. Komen for
the Cure and Broadlane have their headquarters here.

 The area is abundant with finance and other professional services and high
      tech firms.

 Surrounding neighborhoods are a mix of stable, single-family, high income and
      updated multi-family.
                                                                                                                                                          1-Mile Radius
 Almost $17 M capital investment approved in the 2006 Bond Program.                 Dallas Galleria                                                     5-Mile Radius

 The city’s comprehensive plan, forwardDallas!, envisions this area as a business
      center corridor, along with mixed-use developments and transit.
                                                                                                        Area Statistics                         1-Mile         5-Mile

                                                                                                        Total Population                        24,172        350,898
Development/Redevelopment Opportunities:                                                                Average Household Size                      2.2             2.4
       Mixed-use residential and commercial                                                           Median Age                                 32.9           37.4
       Office                                                                                         # of Households                         10,838        148,104

       Multifamily developments                                                                       Median Household Income                $52.127        $64,463

                                                                                                        Office Inventory (sq. ft.)              8.7 M         58.9 M

                                                                                                        Industrial Inventory (sq. ft.)         125,059        42.3 M

                                                                                                        Retail Inventory (sq. ft.)              3.9 M         28.2 M
                                                                                                        Total Business
                                                                                                                                                 2,926         33,868
                                                                                                        Establishments
                                                                                                        Total Jobs                              30,886        379,907
                                                                                                        Source: SRC, 2009 estimates; Costar.



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                                                   Spring Valley/Coit Roads Opportunity Area
The Spring Valley/Coit Roads area has a lively mix of retail, small business, and
both single-family and multi-family residential options.

 Affordable single-family homes provide excellent work force housing at a variety
      of price points.

 Easy access to DART light rail stations.
 Close proximity to major employment centers (LBJ Corridor, Far North Dallas,
      North Central Expressway).                                                      Shopping Center at Spring Valley and Coit
                                                                                                                                                     1-Mile Radius
 Over $11 M capital investment approved in the 2006 Bond Program.                                                                                  5-Mile Radius

 The city’s comprehensive plan, forwardDallas!, envisions this area as a
      residential and urban neighborhood alongside a business corridor.
                                                                                                   Area Statistics                         1-Mile         5-Mile

                                                                                                   Total Population                        30,016        361,270
Development/Redevelopment Opportunities
                                                                                                   Average Household Size                      3.2             2.4
       Multifamily developments
                                                                                                   Median Age                                 30.5           36.3
       Mixed-use residential and retail
                                                                                                   # of Households                          9,347        152,182
       Retail                                                                                    Median Household Income                $48,234        $61,452
       Office                                                                                    Office Inventory (sq. ft.)             691,933       65.3 M

                                                                                                   Industrial Inventory (sq. ft.)          84,075       50.0 M

                                                                                                   Retail Inventory (sq. ft.)             879,253       27.8 M
                                                                                                   Total Business
                                                                                                                                              852         33,574
                                                                                                   Establishments
                                                                                                   Total Jobs                               5,766        402,900
                                                                                                   Source: SRC, 2009 estimates; Costar.




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                                                                       Vickery Meadows Opportunity Area
Close to Dallas’ major office and commercial development corridor, the area is
surrounded by stable, tree-lined single-family neighborhoods. It is an affordable
alternative to commercial and residential developments that are inside Loop 12
while still close to in-town neighborhoods.

 Superior accessibility through proximity to the North Central Expressway and
      two DART light rail stations

 The Vickery Meadows TIF district is facilitating over $750 M in private
      investment through the Park Lane development. Completed in 2009, Park Lane
      adds new retail, entertainment, hotel, residential and office space venues                                                                       1-Mile Radius
                                                                                                                                                       5-Mile Radius
      alongside the Park Lane DART station.                                              Park Lane
 Over $14 M capital investment approved in the 2006 Bond Program.
 The city’s comprehensive plan, forwardDallas!, envisions this area as an urban                    Area Statistics                         1-Mile         5-Mile
      neighborhood abutting mixed-use, transit-oriented developments, open space
      and a business corridor along North Central Expressway.                                        Total Population                        37,495        392,266

 McCormack-Baron-Salazar, in partnership with The Real Estate Council                              Average HH Size                             2.3             2.2
      Foundation and the Office of Economic Development, released A New
      Paradigm: Strategies for Revitalizing Dallas’ Distressed Neighborhoods, a report               Median Age                                 28.3           35.3
      on the city’s affordable housing and transit-oriented development strategy. The                # of Households                         16,446        175,361
      report evaluates best practices around the United States as well as a detailed
      concept project for the Vickery Meadows area.                                                  Median Household Income                $37,601        $56,059

                                                                                                     Office Inventory (sq. ft.)              3.1 M         33.8 M
Development/Redevelopment Opportunities
                                                                                                     Industrial Inventory (sq. ft.)         292,747        41.6 M
       Multifamily redevelopment
                                                                                                     Retail Inventory (sq. ft.)              2.6 M         23.1 M
       Mixed-use residential and retail
                                                                                                     Total Business
                                                                                                                                              1,368         27,312
       Medical office                                                                              Establishments

       Retail                                                                                      Total Jobs                              17,225        275,312
                                                                                                     Source: SRC, 2009 estimates; Costar.




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                                                               Asian Trade District Opportunity Area
The Asian Trade District is Dallas’ most prominent international business district
focusing on Asian imports. The District is close to some of Dallas’ highest income
neighborhoods.

 This area is in the process of transitioning from a distribution area into a
      wholesale/retail trade area.

 Superior freeway accessibility along the Stemmons and LBJ freeways. Two new
      DART rail stations along the Green Line opened in December 2010.
                                                                                      Asian Trade District Shopping Center
 Close proximity to both Love Field and DFW International Airport.                                                                             1-Mile Radius
                                                                                                                                                 5-Mile Radius
 Over $6 M capital investment approved in the 2006 Bond Program.
 The city’s comprehensive plan, forwardDallas!, envisions this area as a business
      and commercial corridor with mixed-use, transit-oriented development.
                                                                                               Area Statistics                         1-Mile         5-Mile

                                                                                               Total Population                        10,162        219,458

                                                                                               Average Household Size                      3.7             2.7
Development/Redevelopment Opportunities
                                                                                               Median Age                                 30.0           33.8
       Wholesale and showroom flex space
                                                                                               # of Households                          2,773         81,264
       Retail
                                                                                               Median Household Income                $43,471        $62,508
       Mixed-use residential and retail                                                      Office Inventory (sq. ft.)             363,325        46.9 M

                                                                                               Industrial Inventory (sq. ft.)         15.7 M       104.9 M

                                                                                               Retail Inventory (sq. ft.)              1.9 M         16.5 M
                                                                                               Total Business
                                                                                                                                        1,682         20,704
                                                                                               Establishments
                                                                                               Total Jobs                              23,454        304,148
                                                                                               Source: SRC, 2009 estimates; Costar.




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                                            Skillman Corridor/LBJ Station Opportunity Area
The Skillman Corridor/LBJ Station area is a neighborhood of stable, single-family
homes along with older multifamily properties and the retail establishments that
support them.

 The new Skillman Corridor TIF district is facilitating the $400 M Lake Highlands
      Town Center, which will be a mixed-use, transit-oriented development.

 Older retail centers have recently received renovations to improve their                           Courtesy of Prescott Realty Group

      appearance and their store and restaurant offerings.                            Rendering of Lake Highlands Town Center

 Superior freeway accessibility along the LBJ Freeway and major city arterial                                                                      1-Mile Radius
      roads. Three DART light rail stations along the Blue Line, including a new                                                                     5-Mile Radius
      station at Walnut Hill & Skillman at the Lake Highlands Town Center
      development, provide easy access to public transit.

 Over $2.7 M capital investment approved in the 2006 Bond Program.                               Area Statistics                         1-Mile           5-Mile
 The city’s comprehensive plan, forwardDallas!, envisions this area as an urban,                 Total Population                        26,528          393,517
      residential, mixed-use neighborhood.
                                                                                                   Average Household Size                      2.1               2.6

                                                                                                   Median Age                                 30.5              34.8

                                                                                                   # of Households                         12,565          153,186
Development/Redevelopment Opportunities
                                                                                                   Median Household Income                $43,195          $53,104
       Multifamily redevelopment
                                                                                                   Office Inventory (sq. ft.)             405,248          28.0 M
       Mixed-use residential and retail                                                          Industrial Inventory (sq. ft.)          7.6 M           64.3 M
       Retail                                                                                    Retail Inventory (sq. ft.)             915,844          24.0 M
       Office                                                                                    Total Business
                                                                                                                                            1,458            23,954
                                                                                                   Establishments
                                                                                                   Total Jobs                              15,267          287,368
                                                                                                   Source: SRC, 2009 estimates; Costar.




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                                         Southwestern Medical District Opportunity Area
The Southwestern Medical District is the center of health care and health care
education in Dallas-Fort Worth. It is home to Parkland Hospital, the University of
Texas Southwestern Medical Center and Children’s Medical Center. The surrounding
area contains remnants of a former industrial and warehouse district.

 Parkland Memorial Hospital has begun construction on a new hospital building,
      replacing the current facility opened in 1954. The $1.27 billion project, which
      will open in 2014, includes 50% more square footage, with an 862-bed full-
      service hospital, 380,000 sq. ft. of space for outpatient care, and 275,000 sq.
      ft. of medical office space. The new facility will have a direct connection to
      the new DART Green Line Southwestern Medical Center / Parkland Station,                                                                      1-Mile Radius
                                                                                                                                                   5-Mile Radius
      which opened in December 2010.

 In August 2010, the Board of Regents of the University of Texas System                  Cityville at Southwestern Medical
      approved an $800 million new building to replace the existing St. Paul Hospital,     District
      part of the UT Southwestern Medical Center. Construction will begin in 2011
      and the new 424-bed hospital will open in 2014.                                            Area Statistics                         1-Mile         5-Mile

 The Southwestern Medical TIF District supports redevelopment of the                           Total Population                        11,951        328,854
      surrounding underutilized land from industrial and warehouse use to new
      residential and the retail needed to support it.                                           Average Household Size                      3.1             2.8

 Southwestern Medical District enjoys easy access to Stemmons Freeway,                         Median Age                                 31.7           32.3
      downtown Dallas and Dallas Love Field airport.                                             # of Households                          3,832        117,419
 The city’s comprehensive plan, forwardDallas!, envisions this area as a campus                Median Household Income                $40,071        $48,892
      district with an urban core, mixed-use, transit center through the middle. It will
      be buffered by an urban neighborhood to the north and a business corridor                  Office Inventory (sq. ft.)              5.1 M         83.8 M
      center to the south.
                                                                                                 Industrial Inventory (sq. ft.)          8.0 M       113.0 M
Development/Redevelopment Opportunities                                                          Retail Inventory (sq. ft.)             945,025        28.8 M
       Mixed-use residential and retail                                                        Total Business
                                                                                                                                          1,841         35,580
                                                                                                 Establishments
       Medical office
                                                                                                 Total Jobs                              31,731        467,641
       Biomedical research                                                                     Source: SRC, 2009 estimates; Costar.

       Multifamily developments
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                                                                                Design District Opportunity Area
The Design District of Dallas is a collection of designer showrooms, galleries and
services that are mostly housed in older warehouses and new multifamily
developments.

 The Design District TIF District assists in redeveloping older warehouses and
      industrial buildings into a diversified, pedestrian-friendly, mixed-use
      neighborhood.

 The area offers superior accessibility to Stemmons Freeway, the new DART
      Green Line light rail and Downtown Dallas / Victory Park.
                                                                                                             Courtesy of TBG Partners
                                                                                                                                                  1-Mile Radius
 The Design District’s in-town location makes it ideal for new urban design         Alta 1900 Lofts                                             5-Mile Radius
      construction.

 The District’s proximity to the Trinity River provide many opportunities for
      capitalizing on the City’s investment in the Trinity River Corridor Project.
                                                                                             Area Statistics                            1-Mile         5-Mile
 Almost $61 M capital investment approved in the 2006 Bond Program.
                                                                                             Total Population                             8,865       336,839
 The city’s comprehensive plan, forwardDallas!, envisions this area as an urban
      core mixed use district bordered by open space and a business center                   Average Household Size                         2.2             2.8
      corridor.
                                                                                             Median Age                                    32.7           33.2

                                                                                             # of Households                              4,070       120,653

                                                                                             Median Household Income                    $60,782       $46,555
Development/Redevelopment Opportunities
                                                                                             Office Inventory (sq. ft.)                 9.5 M         83.2 M
       Mixed-use residential and retail
                                                                                             Industrial Inventory (sq. ft.)             9.8 M       104.5 M
       Multifamily developments
                                                                                             Retail Inventory (sq. ft.)                 1.1 M         27.0 M
       Showroom space                                                                      Total Business
                                                                                                                                          3,214        34,584
                                                                                             Establishments
                                                                                             Total Jobs                                  56,426       447,107
                                                                                             Source: SRC, 2007 estimates; Costar.


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                                                                                      Deep Ellum Opportunity Area
Deep Ellum is one of the oldest neighborhoods in Dallas with a rich history as a
commercial, industrial and entertainment district. Its nightclubs and restaurants
make it a popular draw for residents and tourists.

 The Deep Ellum TIF District will be a model for redeveloping an older
      warehouse and industrial district into a large-scale, mixed-use, transit-oriented
      residential neighborhood.

 Deep Ellum’s proximity to the Farmers Market and downtown offers enormous
      potential for new developments seeking to capitalize on an in-town location
      with urban design.                                                                  Deep Ellum DART Rail Station                                  1-Mile Radius
                                                                                                                                                        5-Mile Radius
 Baylor Health Care System is expanding its flagship Deep Ellum location to
      include the new 467,000 SF Charles A Sammons Cancer Center, opening in
      March 2011

 The area offers superior accessibility to North Central Expressway, I-45, I-30,                     Area Statistics                        1-Mile         5-Mile
      and two DART Green Line light rail stations
                                                                                                       Total Population                         9,366       343,267
 Over $93 M capital investment approved in the 2006 Bond Program.
                                                                                                       Average Household Size                     2.0             2.7
 The city’s comprehensive plan, forwardDallas!, envisions this area as an urban
      core, mixed-use, campus district.                                                                Median Age                                34.6           33.5

                                                                                                       # of Households                          4,604       126,783

Development/Redevelopment Opportunities                                                                Median Household Income                $43,596       $45,669

       Mixed-use residential and retail                                                              Office Inventory (sq. ft.)             27.5 M        72.5 M

       Multifamily developments                                                                      Industrial Inventory (sq. ft.)          8.4 M        58.8 M

       Medical office                                                                                Retail Inventory (sq. ft.)              6.8 M        25.1 M

                                                                                                       Total Establishments                     4,510        30,016
       Retail
                                                                                                       Total Jobs                              75,838       379,393
                                                                                                       Source: SRC, 2009 estimates; Costar.



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                                                          South Dallas/Fair Park Opportunity Area
South Dallas/Fair Park consists of a mix of affordable industrial, commercial, retail
and residential properties, all adjacent to downtown, with significant vacant land.

 Fair Park has hosted the State Fair of Texas since 1886. Fair Park has the
      largest collection of 1930s Art Deco architecture in the United States and is
      the only unaltered pre-1950s World's Fair site in the nation.

 The Grand Park South TIF District focuses on affordable, professional housing
      and taking advantage of transit-oriented development opportunities within the
      historical context of the neighborhood.
                                                                                                                                                       1-Mile Radius
 South Dallas/Fair Park’s proximity to Baylor Medical Center, the Farmers              State Fair of Texas                                           5-Mile Radius
      Market, Deep Ellum and downtown offers enormous potential for new
      developments seeking to capitalize on an in-town location. The area offers
      superior accessibility to North Central Expressway, I-45 and I-30 and two DART
      Green Line light rail stations.                                                                Area Statistics                         1-Mile         5-Mile

 Over $202M capital investment approved in the 2006 Bond Program.                                  Total Population                         9,894        344,232

 The city’s comprehensive plan, forwardDallas!, envisions this area as a                           Average Household Size                      2.7             2.8
      combination of residential and urban neighborhood with mixed-use, transit-                     Median Age                                 39.2           33.3
      oriented development as well as open space.
                                                                                                     # of Households                          3,665        123,676
 McCormack-Baron-Salazar, in partnership with The Real Estate Council
      Foundation and the Office of Economic Development, released A New                              Median Household Income                $22,300        $43,717
      Paradigm: Strategies for Revitalizing Dallas’ Distressed Neighborhoods, a report
      on the city’s affordable housing and transit-oriented development strategy. The                Office Inventory (sq. ft.)             838,733        67.8 M
      report evaluates best practices around the United States as well as a detailed
      concept project for the South Dallas / Fair Park area rail stations.                           Industrial Inventory (sq. ft.)          6.1 M         45.4 M
Development/Redevelopment Opportunities
                                                                                                     Retail Inventory (sq. ft.)              1.0 M         23.6 M
       Transit-oriented development                                                                Total Business
                                                                                                                                              1,109         27,707
                                                                                                     Establishments
       Mixed-use residential and retail
                                                                                                     Total Jobs                              11,602        336,633
       Multifamily developments                                                                    Source: SRC, 2009 estimates; Costar.

       Retail
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                                                                            North Oak Cliff Opportunity Area
North Oak Cliff is a tree-lined, historic area just southwest of downtown Dallas. It
is largely residential in character, with an architecturally diverse mixture of
affordable single-family homes and grand estates, along with multifamily properties.

 North Oak Cliff is home to three TIF districts: Oak Cliff Gateway, Davis Garden
      and Fort Worth Avenue. These TIFs are replacing aging properties with new
      mixed-use developments.

 The Bishop Arts District is a walkable shopping and entertainment area located
      at what once was a popular streetcar stop. Its unique offerings draw visitors
      from all over Dallas.                                                                                                                           1-Mile Radius
                                                                                                                                                      5-Mile Radius
 The area offers easy accessibility to I-30 and I-35.                                  Bishop Arts District

 The city’s Trinity River Corridor Project is drawing interest to the area. The
      recreational opportunities and scenic views will likely spark demand for living,
      retail and entertainment options that are adjacent to the river and new parks.               Area Statistics                          1-Mile         5-Mile
 Over $39 M capital investment approved in the 2006 Bond Program.                                Total Population                         25,771        291,287
 The city’s comprehensive plan, forwardDallas!, envisions this area as largely                   Average Household Size                       3.8             3.5
      residential with more urban core neighborhoods closer to downtown.
                                                                                                   Median Age                                  30.4           31.4

                                                                                                   # of Households                           6,743         83,592
Development/Redevelopment Opportunities
                                                                                                   Median Household Income                 $46,247        $38,973
       Multifamily redevelopment
                                                                                                   Office Inventory (sq. ft.)              109,038        68.6 M
       Mixed-use residential and retail                                                          Industrial Inventory (sq. ft.)           3.1 M         98.8 M
       Retail                                                                                    Retail Inventory (sq. ft.)              692,406        20.9 M
       Office                                                                                    Total Business
                                                                                                                                               481         15,958
                                                                                                   Establishments
                                                                                                   Total Jobs                                3,373        211,149
                                                                                                    Source: SRC, 2009 estimates; Costar.



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                                                                                      West Dallas Opportunity Area
West Dallas has an industrial character, with thriving manufacturing, shipping and
warehousing industries.

 The area offers easy accessibility to I-30 and I-35.
 Investors are taking notice of the potential for the area that the Trinity River
      Corridor Project is creating, including the new Margaret Hunt Hill Bridge,
      scheduled to extend Woodall Rodgers Freeway from Downtown / Uptown to
      West Dallas in 2012. The recreational opportunities and scenic views will likely
      spark demand for living, retail and entertainment options that are adjacent to      El Centro West Dallas Campus
      the river and new parks.                                                                                                                         1-Mile Radius
                                                                                                                                                       5-Mile Radius
 The Dallas CityDesign Studio, a partnership of the City of Dallas and the Trinity
      Trust, completed Urban Structure and Guidelines, a vision document for the
      revitalization and urbanization of a portion of West Dallas across the river from
      Downtown Dallas.
                                                                                                     Area Statistics                         1-Mile         5-Mile
 Almost $74 M capital investment approved in the 2006 Bond Program.
                                                                                                     Total Population                        10,429        302,834
 Dallas County Community College District completed a new campus in the
                                                                                                     Average Household Size                      3.4             3.1
      heart of West Dallas in 2009. El Centro West Dallas offers academic, workforce
      and continuing education classes to area residents.                                            Median Age                                 27.1           31.6
 The city’s comprehensive plan, forwardDallas!, envisions this area as an urban                    # of Households                          3,041         97,307
      neighborhood bordered by a business corridor to the west and a mixed-use
      district to the east.                                                                          Median Household Income                $16,771        $42,897

                                                                                                     Office Inventory (sq. ft.)             106,205        75.7 M
Development/Redevelopment Opportunities                                                              Industrial Inventory (sq. ft.)          4.7 M       112.2 M
       Multifamily development                                                                     Retail Inventory (sq. ft.)             295,584        23.0 M
       Retail                                                                                      Total Business
                                                                                                                                                401         28,377
                                                                                                     Establishments
       Industrial/warehouse                                                                        Total Jobs                               7,147        408,532
                                                                                                     Source: SRC, 2009 estimates; Costar.



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                                                        Dallas Executive Airport Opportunity Area
                                                                                            City of Dallas Public Information Office

Dallas Executive Airport and the surrounding area, though established, has much
potential for development.

 Nearby Southwest Center Mall, now under new ownership, is a retail anchor for
      the surrounding neighborhoods.

 Dallas Executive is a general aviation airport and is perfect for private aircraft
      and corporate fleets.

 The airport has recently received significant investment. The city built a new air       Dallas Executive Airport
      traffic control tower, terminal building, aircraft apron expansion, maintenance                                                                        1-Mile Radius
      facility and restaurant. It has also received over $9 million in private investment                                                                    5-Mile Radius
      since 1999.

 The City of Dallas built a new access road at the airport. The new road opens
      up 200 acres west of the airport for development.
                                                                                                          Area Statistics                          1-Mile         5-Mile
 The area offers easy accessibility to I-35, U.S. Highway 67, Loop 12 and I-20.
                                                                                                          Total Population                           8,823       295,280
 Over $336,000 capital investment approved in the 2006 Bond Program.
                                                                                                          Average Household Size                       2.7             3.2
 The city’s comprehensive plan, forwardDallas!, envisions this area as largely
                                                                                                          Median Age                                  40.3           32.5
      industrial with surrounding residential neighborhoods.
                                                                                                          # of Households                            3,254        91,481
                                                                                                          Median Household Income                  $51,589       $42,160
Development/Redevelopment Opportunities
                                                                                                          Office Inventory (sq. ft.)              177,980         2.3 M
       Aviation-related business facilities
                                                                                                          Industrial Inventory (sq. ft.)           30,000        28.9 M
       Retail
                                                                                                          Retail Inventory (sq. ft.)              345,295        13.7 M
       Multifamily redevelopment                                                                        Total Business
                                                                                                                                                       232          9,238
                                                                                                          Establishments
       Southwest Center Mall redevelopment
                                                                                                          Total Jobs                                 1,619        83,862
                                                                                                           Source: SRC, 2009 estimates; Costar.




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                                                                                     UNT Dallas Opportunity Area
                                                                                                                                                   1-Mile Radius
The University of North Texas at Dallas is set to serve a critical mission of                                                                      5-Mile Radius
educating Dallas residents in a growing, but largely undeveloped part of the city.

 The UNT Dallas campus anchors an area that still contains large open tracts of
      undeveloped land. The city and the university administration completed a
      master plan to ensure that the campus will integrate seamlessly with
      surrounding developments.

 With a young and growing population, southern Dallas will be capable of
      providing a steady stream of students to this new campus, and the university
      will, in turn, provide the workers needed to support Dallas’ growing economy.    Second UNT Dallas Campus Building

 The area offers easy accessibility to I-35 and I-20.
 The DART rail 2030 plan calls for two new rail stations in the area by 2019.
 Almost $6 M capital investment approved in the 2006 Bond Program.                             Area Statistics                         1-Mile         5-Mile

 The city’s comprehensive plan, forwardDallas!, envisions this area as a campus                Total Population                          5,966       215,887
      district surrounded by residences. New business center corridors to the west
      and along Houston School Road will provide needed services to students, staff              Average Household Size                      3.2             3.0
      and nearby residents.                                                                      Median Age                                 38.7           34.5

                                                                                                 # of Households                           1,893        71,307
Development/Redevelopment Opportunities                                                          Median Household Income                 $50,625       $41,607
       Mixed-use residential and retail                                                        Office Inventory (sq. ft.)                   0         1.5 M
       Office                                                                                  Industrial Inventory (sq. ft.)          18,720        14.7 M
       Corporate campus/research park                                                          Retail Inventory (sq. ft.)                   0        10.0 M

       Hotel                                                                                   Total Business
                                                                                                                                            149           6,349
                                                                                                 Establishments
                                                                                                 Total Jobs                                1,106        56,916
                                                                                                  Source: SRC, 2009 estimates; Costar.



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                                                                                            IIPOD Opportunity Area
Dallas is positioning its southern half to benefit from domestic and international                                                                 1-Mile Radius
trade with the International Inland Port of Dallas (IIPOD). IIPOD, a public-private                                                                5-Mile Radius
partnership, is Dallas-Fort Worth’s third intermodal development (alongside DFW
Airport and AllianceTexas).

 IIPOD is a catalyst for southern Dallas investment, job growth and
      development of sustainable communities. It makes Dallas the nation’s premier
      logistics and distribution center.

 The project takes advantage of Dallas’ multiple interstate highways, two Class
      I railroads and the UP intermodal facility that are focused at the confluence
      of I-35, 45, 20 and the future Loop 9.                                          A Crane Unloading Cargo at
                                                                                      the UP Intermodal Facility
 DART is considering an extension of the Blue light rail line from the future
      station at UNT Dallas to the IIPOD area.

 Over $30 M capital investment approved in the 2006 Bond Program.                               Area Statistics                        1-Mile         5-Mile
 The city’s comprehensive plan, forwardDallas!, envisions this area as industrial               Total Population                          197        101,903
      with a business corridor along I-20.
                                                                                                  Average Household Size                     3.6             3.2

                                                                                                  Median Age                                41.2           35.6
Development/Redevelopment Opportunities
                                                                                                  # of Households                            54         31,825
       Distribution facilities
                                                                                                  Median Household Income                $39,516       $40,455
       Retail
                                                                                                  Office Inventory (sq. ft.)                  0       166,559
       Industrial/flex space
                                                                                                  Industrial Inventory (sq. ft.)         1.0 M         11.3 M
       Office
                                                                                                  Retail Inventory (sq. ft.)             33,660         1.0 M
       Multifamily development                                                                  Total Business
                                                                                                                                             39           2,556
                                                                                                  Establishments
                                                                                                  Total Jobs                                651         22,619
                                                                                                  Source: SRC, 2009 estimates; Costar.




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                                                                     Lancaster Corridor Opportunity Area
The Lancaster Corridor is a commercial district of low-rise buildings, primarily retail,
along Lancaster Road in southern Dallas. Denser than average residential
neighborhoods surround the corridor.

 Lancaster Corridor is a key route connecting downtown, the University of North
      Texas at Dallas and the International Inland Port of Dallas.

 Major assets include the Dallas VA Medical Center, historic Cedar Crest Golf
      Course, a pedestrian trail system and the Lancaster-Kiest Shopping Center.
                                                                                                              Courtesy of Catalyst Urban LLC

 The Dallas VA Medical Center treats over 1 million patients annually.                   Lancaster Urban Village rendering
                                                                                                                                                          1-Mile Radius
                                                                                                                                                          5-Mile Radius
 This area has superior public transportation access. DART operates four light
      rail stations on the Blue Line along the Lancaster Corridor: Illinois, Kiest, VA
      Medical Center and Ledbetter.

 The TOD TIF district provides incentives for transit-oriented development. New
      mixed-use catalyst projects are anticipated to begin construction in 2011.                        Area Statistics                         1-Mile         5-Mile

 Over $2 M capital investment approved in the 2006 Bond Program.                                      Total Population                        15,740        274,255

 The city’s comprehensive plan, forwardDallas!, envisions this area as a transit                      Average Household Size                      3.2             3.4
      corridor surrounded by single family residential.                                                 Median Age                                 37.9           33.4
 McCormack-Baron-Salazar, in partnership with The Real Estate Council                                 # of Households                          4,917         81,601
      Foundation and the Office of Economic Development, released A New
      Paradigm: Strategies for Revitalizing Dallas’ Distressed Neighborhoods, a report                  Median Household Income                $32,048        $36,694
      on the city’s affordable housing and transit-oriented development strategy. The
      report evaluates best practices around the United States as well as a detailed                    Office Inventory (sq. ft.)              14,694        12.5 M
      concept project for the Lancaster Corridor.
                                                                                                        Industrial Inventory (sq. ft.)          77,120        22.8 M

                                                                                                        Retail Inventory (sq. ft.)             850,989        10.1 M
Development/Redevelopment Opportunities
                                                                                                        Total Establishments                       490         10,853
       Retail redevelopment
                                                                                                        Total Jobs                               2,746        109,609
       Mixed-use residential and retail
                                                                                                        Source: SRC, 2009 estimates; Costar.
       Medical office

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                                                                            Pleasant Grove Opportunity Area
Pleasant Grove is an established residential area adjacent to the Trinity River and
Great Trinity Forest.

 The Trinity River Corridor Project will have a tremendous impact on the area.
      The 6,000-acre Great Trinity Forest is adjacent to Pleasant Grove, along with
      the accompanying trails and amenities.

 The Trinity River Audubon Center, opened in 2008, is a gateway for exploring
      the Trinity River Forest and is a center of education for students, nature lovers
      and bird watchers.                                                                             Courtesy of Trinity River Project Office
                                                                                          Trinity River Audubon Center                                       1-Mile Radius
 Dallas County Community College District opened a new college branch in                                                                                   5-Mile Radius
      2009. Eastfield College Pleasant Grove provides workforce training and
      educational opportunities for the area.

 The DART Green Line, which opened in December 2010, includes three stops
      in Pleasant Grove.
                                                                                                        Area Statistics                            1-Mile         5-Mile
 Pleasant Grove has superior freeway access to U.S. 175, Loop 12, I-635, and
                                                                                                        Total Population                            10,819       189,273
      I-30.
                                                                                                        Average Household Size                         3.5             3.4
 Over $7.6 M capital investment approved in the 2006 Bond Program.
                                                                                                        Median Age                                    28.5           31.6
 The city’s comprehensive plan, forwardDallas!, envisions this area as residential,
      surrounded by the open space of the Trinity River greenbelt, with a commercial                    # of Households                              3,054        56,097
      center along major thoroughfares.
                                                                                                        Median Household Income                    $29,363       $33,597

                                                                                                        Office Inventory (sq. ft.)                      0       243,816
Development/Redevelopment Opportunities
                                                                                                        Industrial Inventory (sq. ft.)             29,492        11.6 M
       Retail redevelopment
                                                                                                        Retail Inventory (sq. ft.)                  2,842         3.4 M
       Recreation-related hospitality                                                                 Total Business
                                                                                                                                                       160          4,602
                                                                                                        Establishments
                                                                                                        Total Jobs                                   1,146        38,360
                                                                                                         Source: SRC, 2009 estimates; Costar.



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                                                                                                     Latest Downtown Developments
Omni Dallas Convention Center Hotel ($500 million investment) - Dallas is building a 1,000-room convention center headquarters hotel that will maintain the city’s
status as a major business travel center. Neighborhood revitalization is also anticipated in the convention district as a result. The 23-story hotel will have more than
110,000 square feet of meeting space. Construction is expected to be complete in February 2012.

Arts District Expansion ($338 million investment) - October 2009 saw the addition of the Margot & Bill Winspear Opera House, Dee & Charles Wyly Theatre, Annette
Strauss Artists Park and Elaine D. & Charles A. Sammons Park to the already distinguished Dallas Museum of Art, Nasher Sculpture Garden and the Crow Collection
of Asian Art, comprising the Arts District at the north end of Downtown. The nation’s largest arts district (68 acres) will add the City Performance Hall in 2011 and
will continue to see new restaurants, stores, apartments and condominiums join the district’s stellar attractions.

Museum Tower ($200 million investment) - Museum Tower is a luxury condominium building set in the heart of the Arts District. Its 122 condominium units are priced
starting at $1.1 million. Construction on Museum Tower is expected to be complete by 2013.

Park Seventeen ($200 million investment) - This mixed-use development has 292 residential units, 361,000 square feet of office, and over 15,00 square feet of retail.
It was completed in the second quarter of 2010.

Perot Museum of Nature and Science ($185 million investment) - The museum will be a center for education, exploration, and discovery, featuring lively exhibits, vivid
contextual displays of the Museum’s collections, the latest technology, multimedia presentations, and hands-on activities. The museum’s programming will be designed
to encourage children to become scientists, engineers, researchers and educators. The 150,000-square-foot building is designed by Pritzker Prize winning architect
Thom Mayne and his firm, Morphosis.

Downtown Parks ($135 million investment) - Dallas will open three new downtown parks by 2013. The $17 million Main Street Gardens was the first to be completed,
in November 2009. The 1.75-acre park features fountains, stages, a dog run and a toddler lot. A second park, Belo Gardens, will be 1.5 acres on the western side
of downtown. The $13 million park is scheduled for completion in February 2012. The last park, scheduled for completion in late 2012, is known as The Park.
Spanning the top of the below grade Woodall Rodgers Freeway, the 5.2-acre park will physically connect downtown with Uptown. It is a $105 million investment.

First Baptist Dallas ($115 million investment) - First Baptist Dallas is building a new worship center, fountain plaza and an education building. The campus expansion
is thought to be the most expensive Protestant church renovation ever. Construction is expected to be complete in time for Easter in 2013.

Saint Ann Court ($100 million investment) - This 26-story, 314,000-square-foot-building broke ground in 2007 and was completed in 2009. It has office space,
high-end restaurants and a health club. The development also incorporates an 80-year-old school on the property by connecting the school to the new tower through
a garden and walkway.




                       Courtesy of Perot Museum of Nature & Science                                                                                  Courtesy of First Baptist Dallas

Perot Museum of Nature & Science                                      Omni Dallas Hotel   Saint Ann Court   Main Street Garden         Rendering of First Baptist Dallas

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                                                                       Latest Non-Downtown Developments
Developments in Southern Dallas

Zang Triangle ($32 million investment) - Construction on this mixed-use development two blocks from Methodist Medical Center in the Oak Cliff Gateway TIF District
began in 2010. This four-story building will have 256 new apartments, 20% of which will be affordable, and 4,000 sq. ft. of retail space. It is the first major apart-
ment project in North Oak Cliff since 1999. The project uses $7.25 million in TIF incentives, and it expected to be complete in 2012.

La Reunion Town Center ($55 million investment) - A mixed-use project at the corner of Colorado Blvd. and Fort Worth Avenue in North Oak Cliff, the Town Center
includes renovation of existing properties and the construction of a variety of new housing types. The current phases of the project use $11.2 million in TIF incen-
tives for 37,000 sq. ft. of retail space and 482 housing units.

University of North Texas at Dallas - UNT-D is the first public four-year university in the Dallas city limits. The finished 266-acre, 26,000 student campus will anchor
an area that is expected to include research parks, mixed-use retail and housing. The campus’s first two buildings are completed.

Other Developments - Some of the current major developments in the southern sector includes the Torre Vista Shopping Center renovation, and expansion of indus-
trial and retail businesses at Pinnacle Park, Mountain Creek and Dallas Executive. The 2006 Bond Program investment in southern Dallas is $686 million.

Developments in Northern Dallas

Hospital Construction ($2.42 billion investment) - Parkland Hospital is undergoing a $1.27 billion project to build a new state-of-the-art hospital by 2014 across the
street from its current facility. Additionally, neighbor University of Texas Southwestern Medical Center has also recently announced plans to replace St. Paul Hospital
on its campus with a new $800 million hospital. And about five miles away, Baylor University Medical Center is building a new $350 million outpatient cancer center.

Park Lane ($750 million investment) - This mixed-use development will include approximately 700,000 sq. ft. of retail space, a 250-room hotel, 625 residential units,
850,000 sq. ft. of office space, and parking structures. The first phase of construction was completed in Fall 2009. The project uses $20 million in TIF incentives.

Dallas Love Field ($519 million investment) - This city-owned airport is undergoing a capital improvement program to expand baggage facilities and replace existing
terminals with a 20-gate concourse. The program is scheduled to be complete by 2014, when passenger traffic at the airport is expected to double to 8 million upon
the expiration of Wright Amendment flight restrictions from Love Field.

Lake Highlands Town Center ($300 million investment) - The development plan for this under construction project includes 1,513 residential units, 300,837 sq. ft. of
retail space, 37,733 sq. ft. of office space, a new DART light rail station, park land and hike/bike trails. The project uses $23 million in TIF incentives.




                                                                        Courtesy of Prescott Realty Group

                  Parkland Hospital       UNT-Dallas                    Lake Highlands Town Center Rendering             Park Lane
                  Rendering
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                                                                                                                Dallas Household Employment
 Household Employment (Employed Residents)

                                           590
                                                        587


                                                                        575
                                                                                                       568
                                  Tosns


                                                                                       566
                                   hua d




                                                                                                                                553             553                 552
                                                                                                                      551               550
                                                                                                                                                          544




         Calendar Year**                   2000        2001           2002            2003            2004            2005*     2006*   2007*   2008*    2009*      2010
                                                                                                                                                                   Jan-Jun

         Household                          590          587             575             566            568             551      553    550      553      544        552
         Employment
         (Thousands)
         Change                                           -3             -12              -9              2              -17      2      -3       3        -9          8
         (Thousands)
         % Change                                      -0.5%           -2.0%           -1.6%           0.4%           -3.0%     0.4%    -0.5%   0.5%     -1.6%       1.5%
         Source: U.S. Bureau of Labor Statistics
         * Data reflects revisions by the Bureau of Labor Statistics (BLS)
         ** Data may differ from other official City of Dallas documents due to coverage period (Calendar verses Fiscal Year)


The U.S. Bureau of Labor Statistics (BLS) estimates that the City of Dallas’s annual average employment level has generally declined since 2000 to
mid-2009. This is despite a population growth during the same time period from 1.19 million to 1.31 million (NCTCOG estimations).


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                                                                                                                                 Dallas Payroll Employment
                                                                                                                                                  1080
   Payroll Employment (By Place of Work)                                                                                                 1062             1057

                                                                                                                                                                   1032
                                              1023                                                                               1024
                                  Thousands            1018
                                                                                                                1008
                                                                      985                          983
                                                                                     971




          Calendar Year*                      2000      2001           2002          2003          2004          2005            2006    2007    2008    2009      2010
                                                                                                                                                                  Jan-Jun
          Payroll                             1,023     1,018           985           971           983         1,008            1,024   1,062   1,080   1,057     1,032
          Employment
          (Thousands)
          Change                                          -5            -33           -14            12            25             16      38      18      -23       -25
          (Thousands)
          % Change                                     -0.5%          -3.2%         -1.4%          1.2%         2.5%             1.6%    3.7%    1.7%    -2.1%     -2.4%
           Source: City of Dallas, Office of Economic Development
           * Data may differ from other official City of Dallas documents due to coverage period (Calendar verses Fiscal Year)


The City of Dallas computes an estimate of employment by place of work within the City limits. This estimate includes all jobs held within the city
and excludes Dallas residents that work in other cities. The current average job estimate through mid-2009 is 1.0559 million.




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                                                                                              Dallas Unemployment Statistics

                                                               8.9        8.9                                                                                        8.9
                                                                                                                                                      8.2
                         Percentage**
                                                                                        7.9
                                                     6.4
                                                                                                5.7          5.3                       5.5
                                         4.7                                                                             4.7




              Year                      2000       2001       2002      2003           2004    2005        2006        2007          2008          2009              2010
                                                                                                                                                                    Jan-Jun
              Unemployed                29,109    40,228      55,915   55,212 48,634 33,233* 30,835* 27,398* 32,364* 48,433*                                        53,715

              Change                              11,119      15,687     -703        -6,578 -15,401       -2,398       -3,437       4,966         16,069             5,282

              % Change                            38.2%       39.0%     -1.3% -11.9%           -31.7%      -7.2% -11.1% 18.1%                     49.7%              10.9%
              Source: U.S. Bureau of Labor Statistics (BLS)    COD unemployment rate           US unemploym ent rate    * Reflects BLS revisions as of April 2010
                                                                                                                       ** Percentages are non-seasonally adjusted



The unemployment rate reflects the percentage of City of Dallas resident labor force actively seeking employment. The Dallas (COD) annual average
unemployment rate in 2009 was 8.2 percent and the 2010 mid year average rate is 8.9 percent. Since 2007 the COD unemployment rate has
equaled or out performed (less in value than) the U.S unemployment rate** (see above chart). Unemployment levels rose in 2008 and continued that
trend through 2010. Yet, this is as much a reflection of the rise in the city’s working-age population through both in-migration and internal ageing as
much as it is a reflection of the economy.


City of Dallas Economic Profile
                                                                                                                                              Office of Economic Development
                                                                                                                                                            Dallas-EcoDev.org
                                                                                71                                                                               214.670.1685
                                                                                                                                                    Next Update: January 2012
                                                                                                                                                 Gross City Product
                                                                                                                                                 6.2%


                                                                                                                                     3.7%
                                                                                                                     3.3%
                                                      2.4%                                           2.1%
                                                                                                                                                        1.5%
                                                                                     0.4%


                                                                     -0.6%


                              GCP        US GDP                                                                                                                   -2.5%

                       Year                           2001            2002            2003           2004            2005           2006         2007   2008      2009
                       Dallas GCP*                    2.4%            -0.6%           0.4%           2.1%            3.3%           3.7%         6.2%   1.5%      -2.5%

                       Change                                         -3.0            1.0            1.7             1.2            0.4          2.5    -4.7      -4.0
                       U.S. GDP**                     0.9%            1.7%            2.5%           3.5%            3.1%           2.7%         2.2%   0.0%      -3.0%

                       Change                                         0.8             0.8            1.0             -0.4           -0.4         -0.5   -2.2      -3.0
                       Sources: Bureau of Economic Analysis (BEA), U.S. Department of Commerce; City of Dallas, Office of Economic Development
                       * Changes reflect data revisions by BEA, BLS, and Office of the Comptroller—State of Texas
                       ** Changes reflect annual GDP revisions and rebasing conversion from 2005




 Gross City Product (GCP) measures the value of economic activity taking place in the city. It offers a city-level statistic comparable to similar
 measures at the national (GDP), state (GSP) and metropolitan (GMP) productivity level conducted by the Bureau of Labor Statistics (BLS).




City of Dallas Economic Profile
                                                                                                                                                        Office of Economic Development
                                                                                                                                                                      Dallas-EcoDev.org
                                                                                            72                                                                             214.670.1685
                                                                                                                                                              Next Update: January 2012
                                                                                                           Personal Income Growth

                                                                                                                8.07%


                                                                  US Recession                  6.69%
                                                                 Mar - Nov 2001

                                                                                                                        4.71%



                                                                           2.69%                        2.68%
                                                                   1.71%                1.48%                                               1.35%



                                                                                                                                 -0.08%


                  Year                                            2001     2002         2003    2004    2005    2006    2007     2008      2009
                  COD Personal Income                             1.7%     2.7%         1.5%    6.7%    2.7%    8.1%    4.7%     -0.1%      1.5%
                  Change                                                    1.0         -1.2     5.2    -4.0     5.4    -3.4      -4.8        1.6
                  U.S. Personal Income                            3.5%     1.8%         3.2%    6.2%    5.2%    6.4%    7.0%     3.9%      -1.8%
                  Change                                                   -1.7          1.4     3.0    -1.0     1.2     0.6       3.1       -5.7
                  Source: City of Dallas, Office of Economic Development




City of Dallas personal income is the sum of all earnings by Dallas residents at the end of the year. The city experienced a decrease in total
personal income growth of 1.4 percent from 2008 to 2009.




City of Dallas Economic Profile
                                                                                                                                Office of Economic Development
                                                                                                                                              Dallas-EcoDev.org
                                                                                   73                                                              214.670.1685
                                                                                                                                      Next Update: January 2012
                                                                        Office, Industrial/Flex, & Retail Vacancy Rates
Office Vacancy Rates                                                                                                                  Industrial/Flex Vacancy Rates
                                                                                                                                                                                8.8                                                 8.7
                                                                                                                                                                        8.0             8.2      8.0
                                                                                                                                                                7.9                                                          8.0
              Percent



                                              20.3     20.7             20.6                                            20.9                                                                             7.2
                                                                                 19.7     19.0                 19.6                                                                                                  6.7
                                      18.5                                                         18.1                                                 6.4
                               16.9
                        15.2




                                                                                                                                      Percent
                                                                                                                                                5.0




Year                    2000 2001 2002       2003 2004           2005            2006     2007     2008 2009 2010                               2000 2001 2002 2003 2004              2005 2006        2007     2008        2009 2010
                                                                                                             Jan-                                                                                                                Jan-
                                                                                                             Sept                                                                                                                Sept
Vacancy% 17.2                  19.2 21.0 22.8         21.8       20.5            19.1     18.0     18.1        18.9     20.9                    5.0    6.4     7.9    8.0     8.8     8.2     8.0      7.2     6.7         8.0     8.7

Change                         2.0    1.8    1.8       -1.0      -1.3            -1.4     -1.1     0.1          0.8      2.0                           1.4     1.5    0.1     0.8     -0.6    -0.2     -0.8    -0.5        1.3     0.7


                                                                                                                                                      7.8                       7.7
                                                   Retail Vacancy Rates                                                                                        7.3
                                                                                                                                                                       7.6

                                                                                                                                            6.6
                                                                                                                               6.0
                                                              Percent




                                                                                                                      5.2
                                                                                                          4.8

                                                                          3.7       3.8      3.9




                                                     Year                 2000      2001     2002        2003         2004     2005    2006           2007    2008    2009     2010
                                                                                                                                                                               Jan-Sept
                                                     Vacancy%              3.7      3.8      3.9         4.8          5.2      6.0          6.6       7.8      7.3     7.6      7.7

                                                     Change                         0.1      0.1         0.9          0.4      0.8          0.6       1.2     -0.5     0.3      0.1                       Source (For all graphs): CoStar.
City of Dallas Economic Profile
                                                                                                                                                                                              Office of Economic Development
                                                                                                                                                                                                            Dallas-EcoDev.org
                                                                                                           74                                                                                                    214.670.1685
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                                                                                                             Construction Activity
                                                                                                                              $2.9



                                                                                                             $2.4
                                                                                                                     $2.3

                                                                                                                                         $2.0
                                  Billions


                                                                                       $1.8           $1.8
                                                                       $1.7    $1.7           $1.7
                                                         $1.5


                                             $1.1




          Calendar Year                      2000        2001          2002    2003    2004   2005    2006   2007    2008     2009       2010
          Value (in billions)                $1.1        $1.5          $1.7    $1.7    $1.8   $1.7    $1.8   $2.4    $2.3     $2.9       $2.0
          Change                                         35.0%         14.7%   -2.6%   7.1%   -7.8%   9.3%   29.5%   -5.1%    -28.6% -32.0%
         Source: City of Dallas, Department of Development Services.




City of Dallas Economic Profile
                                                                                                                        Office of Economic Development
                                                                                                                                      Dallas-EcoDev.org
                                                                                 75                                                        214.670.1685
                                                                                                                              Next Update: January 2012
                                                                                                                                          Taxable Property Values
Residential                                                                                                      Commercial Property




                                                                                                                       $ Billion
            $ Billion




Fiscal Year              2002     2003    2004    2005      2006      2007      2008   2009         2010        Fiscal Year           2002       2003    2004     2005    2006     2007     2008   2009    2010
Value                    $26.3    $27.9   $29.9   $32.3     $34.9     $38.2     $40.5 $40.3 $39.6               Value                 $26.8      $25.9   $25.5    $26.4 $29.6      $34.2    $36.7 $33.9 $31.5
(in billions)                                                                                                   (in billions)
Change                            6.1%    7.2%     8.0%     8.0%      9.5%      6.0%   -0.5%       -1.7%        Change                           -3.4%   -1.5%    3.5%    12.1%    15.5%    7.3%   -7.6%   -7.1%

Source: City of Dallas Office of Financial Services.                                                               Source: City of Dallas Office of Financial Services.


Business Personal Property (BPP)                                                                              Total Taxable Property
             $ Billion




Fiscal Year              2002     2003    2004    2005    2006      2007      2008   2009    2010          Fiscal Year             2002   2003      2004    2005         2006     2007     2008    2009    2010
Value                    $13.4    $12.7   $12.1   $12.2 $11.7      $12.2      $13.2 $13.1 $12.3            Value                   $66.5 $66.5      $67.6   $70.8    $76.1        $84.5    $90.5   $87.3   $83.4
(in billions)                                                                                              (in billions)
Change                            -5.2%   -4.7%   0.8% -4.1%        4.3%      8.2% -0.8          -6.1%     Change                         0.0%      1.7%     4.7%        7.5%     11.0%    7.1%    -3.5% -4.5%
Source: City of Dallas Office of Financial Services.                                                       Source: City of Dallas Office of Financial Services.
City of Dallas Economic Profile
                                                                                                                                                                           Office of Economic Development
                                                                                                                                                                                         Dallas-EcoDev.org
                                                                                            76                                                                                                214.670.1685
                                                                                                                                                                                 Next Update: January 2012
                                                                                                                               Sales Tax Revenue
                                                                                                                                      231
                                                                                                                       218     224
                                                217            211                                                                             208       204
                                                                              194                        194    198
                                                                                             183




             Fiscal Year                         2000           2001           2002           2003       2004   2005   2006    2007   2008     2009      2010
             Sales Tax Allocation $217                          $211           $194           $183       $194   $198   $218    $224   $231     $208      204
             Change (in millions)                                -$6           -$17           -$11       $11    $4     $20     $6     $7       -$23      -$4
               % Change                                         -2.8%          -8.1%          -5.7%      6.0%   2.1%   10.1%   2.8%   3.1%     -10.0% -1.9%
            Source: City of Dallas, Office of Financial Services, Texas Comptroller of Public Accounts




The sales tax revenue values are the total dollars returned to the City of Dallas by the Texas Comptroller's office for the fiscal year. Allocation
amounts are dependent upon the timing and accuracy of taxpayers' returns, but generally represent taxes collected on sales made two months or
more prior to the allocation payment.


City of Dallas Economic Profile
                                                                                                                                       Office of Economic Development
                                                                                                                                                     Dallas-EcoDev.org
                                                                                              77                                                          214.670.1685
                                                                                                                                             Next Update: January 2012
                                                                             Dallas Leading Indicator Index




                                              12 Month Average




The leading index is a projection of the City’s economic performance three to six months in advance. When the index consistently grows above its
12-month average (the red line graph), the City’s economy will more likely continue to grow.

The index’s annual average reflected an economic downturn starting June 2007. The index declined for 22 months, then turned upward beginning
March 2009. The upward trend continued through May 2010 and has since moved in an irregular pattern. As of September 2010, the leading index
stands at 87.9 (1997=100) and is above the index’s 12 month average. The behavior since May 2010 reflects slowed economic growth.

Index elements consist of Single Family Building Permits, Monthly Regular Initial Claims for unemployment insurance, the West South Central
Consumer Expectations Index of the Conference Board, and the City of Dallas calculated Stock Index.



City of Dallas Economic Profile
                                                                                                                    Office of Economic Development
                                                                                                                                  Dallas-EcoDev.org
                                                               78                                                                      214.670.1685
                                                                                                                          Next Update: January 2012

								
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