During his annual presentation to Fort Worth City Council on March 7, Hillwood President Mike Berry touted the economic impact of AllianceTexas, Hillwood’s 27,000-acre master-planned mixed-use community in Northeast Fort Worth.

“Our success at Hillwood over the years in developing AllianceTexas as a major job center and economic engine for North Texas is a result of a unique spirit of partnership that doesn’t exist anywhere else in the United States,” Berry said. “AllianceTexas is primarily a private sector-led economic engine, but what excites us most about the report is the exponential return on public investment evidenced by taxes paid and jobs created now occurring on an annual basis. These are numbers nobody could have ever imagined in 1989.”

Berry went on to say that AllianceTexas has generated approximately $111.5 billion in regional economic impact and paid more than $3.4 billion in total taxes to local public entities during the past three decades. More than $10.88 billion of the development’s economic impact was generated in 2022 alone, and AllianceTexas paid $61.1 million in direct property taxes to the city of Fort Worth in that year, according to a city press release.

Hillwood made several advancements in 2022 in terms of mobility innovations at AllianceTexas. These advancements included:
  • Hosting the mobility innovation summit, Forward Fort Worth;
  • Partnering with Ericsson Routes to advance autonomous mobility;
  • Autonomous delivery innovator Clevon opening its first U.S. headquarters at 13901 Aviator Way. Clevon also completed its first North American autonomous delivery at the AllianceTexas mobility innovation zone; and
  • Wing, an AllianceTexas company, partnered with local companies to launch public drone delivery service from Frisco Station.
Last year was also a banner one for the development in terms of adding companies to the AllianceTexas roster. According to a city press release, MP Materials selected AllianceTexas to construct a first-of-its-kind U.S. factory focused on rare earth metal, alloy and magnet manufacturing. MP Materials is the largest producer of rare earth materials in the Western Hemisphere, according to it website, and the new manufacturing facility, which encompasses 200,000 square feet, is a substantial component of a $700 million investment the company will make over the next two years to fully restore the U.S. rare earth magnetics supply chain. The project, which broke ground in June, will create 150 high-skill manufacturing jobs and 1,300 indirect jobs and is slated to begin operations in 2023.

Hillwood also leased its largest industrial speculative building to date to Target Corp. in May at Alliance Center East 1. The more than 1.24 million-square-foot facility lease was ranked the largest industrial lease in the Dallas-Fort Worth market in 2022, according to CoStar.

The successes also include Gulfstream Aerospace Corp. opening its newest Gulfstream customer support service center at Fort Worth Alliance Airport in October. Gulfstream invested more than $55 million in the facility, bringing with it 200 jobs to AllianceTexas.

Hillwood rounded out 2022 by rededicating the airport to the late H. Ross Perot Sr. by unveiling a new fixed-based operation facility at Perot Field Fort Worth Alliance Airport. According to a city press release, the new state-of-the-art FBO was designed by Corgan Architects and Amaze Design and encompasses more than 20,000 square feet of offices, lounges and meeting facilities, along with an additional 68,000 square feet of attached hangar space.

“AllianceTexas is an absolute powerhouse in Fort Worth. By every metric—job creation, economic impact, property tax contribution, opportunities for innovation and more,” Fort Worth Mayor Maddie Parker said. “AllianceTexas proves itself year after year to be incredibly impactful not only locally, but also across the region, state and country.”

According to a city press release, AllianceTexas is widely considered one of the country's most successful public-private partnership endeavors. Total investment at AllianceTexas surpassed $14.2 billion in 2022, with $13.1 billion coming from the private sector. Public investment totaling $1.08 billion has been invested in the project to date, representing a 12-to-1 private-to-public-dollar investment multiple.