AT&T is moving its global headquarters from downtown Dallas to Plano, the company announced, a shift that a recent study warns could significantly affect the city’s tax base.
CEO John Stankey told employees the company will build a new 54-acre campus at 5400 Legacy Drive in Plano, consolidating its Dallas-Fort Worth administrative operations into one site. AT&T currently operates campuses in Dallas, Plano and Irving.
AT&T’s global headquarters has been downtown since 2008, when it relocated from San Antonio. A news study on downtown development estimated property values in the area would drop 30% if AT&T left — a $2.7 billion decline that could cost the city about $62 million a year in property tax revenue…