Looking ahead to the new year, the city Fort Worth seeks to become the powerhouse of North Texas when it comes to big business, development and job creation.
According to estimates from the North Central Texas Council of Governments, Fort Worth has more than 70,000 acres of vacant, developable land. This exceeds every other city in the Dallas-Fort Worth metro area.
It more than doubles Dallas, which has less than 30,000 acres of vacant land. The city also has more acreage than the four largest cities in Collin County of Frisco, McKinney, Plano and Allen combined.
“It represents opportunity, especially when we are talking about economic development,” said Robert Sturns, Fort Worth Director of Economic Development. “We are not like some other communities who are challenged where to put some of these potential development opportunities.
The city is set to embark on five-year plan to help the city grow and meet its potential.
“Right now, we need to have some additional focus on the commercial aspects of it. For the past 15 years or so our residential growth has outpaced our commercial growth,” Sturns said. “From the standpoint of having a healthy economy you want to have a higher commercial value versus a residential value that helps to pay for the ongoing services that we want to provide infrastructure.”
At 350 square miles, Fort Worth is the 16th largest city in the nation and the economic development team is hoping to sell the city with that mindset.