AllianceTexas Economic Impact Hits $23.2 Billion

Property taxes generated from AllianceTexas are 262 times greater than in 1990, when the master-planned development and home of the Fort Worth Alliance Airport opened. .

AllianceTexas Turns Fifteen

With the 15th anniversary of the opening of Fort Worth Alliance Airport, the recently updated economic impact report on AllianceTexas shows an economic impact of $23.2 billion, an increase of $2 billion over the last report released in 2003. The report was generated using models created by Insight Research.

Since 1990 the 17,000-acre development overseen by Fort Worth-based Hillwood Properties has generated $313 million in property taxes for the four cities, two counties and two school districts that it falls within.

In 2003 alone the companies of AllianceTexas and Hillwood-related entities along Interstate 35W paid $58.5 million in property taxes, an increase of $3.6 million over the previous year. That number has grown significantly from the $223,000 in property taxes generated from the same area in 1990.

From 1990-2003, AllianceTexas companies and Hillwood-related entities along Interstate 35W have paid more than $313 million, including $58.5 million in 2003, in property taxes.

AllianceTexas also has been a success from the standpoint of public dollars invested that have attracted multiples of private dollars. The 24:1 ratio of private investment ($4.8 billion) to public investment ($203.1 million) in the development has brought attention from economic development groups and government entities from across the globe. In 2004 more than 1,600 jobs were added at AllianceTexas.

Current construction projects at the development include Behr's 400,000-sq.-ft. manufacturing and distribution facility, Cabela's 235,000-sq.-ft. retail store, the 100,000-sq.-ft. Alliance Air Trade Center and a 30,000 sq.-ft. addition to the hangar at the Alliance FBO, which primarily serves as the terminal for the corporate jets and military aircraft that utilize Fort Worth Alliance Airport.

AllianceTexas consists of the commerce centers of Alliance, the corporate campuses and golf courses of Circle T Ranch and the high-tech master-planned community of Heritage. The study also took into account the economic impact of the residential community of Park Glen, which Hillwood developed in the 1990s.

Of the 17,000 acres over a 65-sq.-mi. area that make up AllianceTexas, only about 4,500 acres have been developed.

Earth Tech Awarded Contract Extension

Earth Tech Inc., a business unit of Tyco International Ltd, and a global provider of consulting, engineering and construction services, has been awarded a $14.7 million contract extension by the city of Austin to manage its Clean Water Program through 2007.

Earth Tech has served as program manager for the Austin Clean Water Program since its inception in 2001. The program was created by the Austin Water Utility to satisfy a U.S. Environmental Protection Agency Administrative Order to eliminate the city's sanitary sewer overflows by the end of 2007.

As program manager, Earth Tech is responsible for reviewing infiltration/inflow and sanitary sewer evaluation survey reports and developing conceptual design and managing the design and construction of up to 100 improvement projects. In addition, Earth Tech is developing and implementing long-term programs that will prevent conditions that could result in sanitary sewer overflows in the future.

CB&I Wins Major U.S. LNG Expansion Project

CB&I has been awarded a lump-sum turnkey contract for a liquefied natural gas terminal expansion project located near Lusby, Md. The firm is headquartered in Chicago with worldwide administrative offices in The Woodlands.

This import terminal, one of the largest LNG facilities constructed by CB&I in the United States, is owned and operated by Dominion Cove Point LNG LP, a subsidiary of Dominion, one of the largest U.S. energy producers.

CB&I's scope of work for the Cove Point Expansion Project includes the engineering, procurement, construction and commissioning of an additional 800 million standard cu. ft. per day of regasification and sendout process equipment; gas turbine generation; two 160,000 cu. meter LNG storage tanks; and new administration, control and maintenance buildings and all ancillary systems.