Fort Worth: $6.5M coming for American reservations centerFort Worth: $6.5M coming for American reservations centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=39612014-06-11T14:16:00Z2014-06-11T00:00:00Z

FORT WORTH - Fort Worth City Council has approved $6.5 million in incentives for a new American Airlines reservations center at 4700 American Blvd. near DFW International Airport.

The package includes a one-year tax abatement and a 14-year economic development grant agreement to help American Airlines build the center. As part of the agreement, the Council also waived up to $32,000 in development fees.

To get the maximum incentive, American committed to $55 million in construction and $33 million in personal property improvements by December 31, 2015. The airline is also committing to employ a minimum of 1,300 full-time employees at the site by the end of 2015.

The one-year tax abatement would potentially abate up to 85 percent of city property tax added by the real and personal property on the site.

Read more at the Fort Worth Business Press.

Fort Worth Business Press
Dallas-Fort Worth-Arlington
Infrastructure & Transportation
http://fwbusinesspress.com/fwbp/article/1/5739/news-categories-real-estate/fort-worth-approves-$6.5-million-in-incentives-for-american-reservations-center.aspxRead more at {Source}

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