Proposed $41M redevelopment Braniffe Centre at Love FieldProposed $41M redevelopment Braniffe Centre at Love Fieldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=952015-08-20T12:29:00Z2015-08-20T00:00:00Z

DALLAS - A proposed $41 million multimillion-dollar redevelopment of Braniff Centre at Love Field in Dallas would create 1,200 aviation, office and retail jobs totaling roughly $65 million in annual salaries and remove an eyesore from the city-owned airport, according to a briefing to economic development officials.

According to the briefing, Reed Enterprises will develop both aviation and commercial uses for the site, including:

  • $17 million capital investment commitment for aviation use within 36 months;
  • $20 million capital investment commitment for commercial use within 60 months; and
  • an additional $4 million capital investment within ten years.

The facility would generate total average rent of $1.15 million per year for the airport and add about $500,000 annually to the tax rolls and $600,000 annually in sales taxes, the briefing says.

Other benefits include the 1,200 aviation, office and retail jobs at full build-out, with about $65 million in annual salaries, as well as the historical preservation, Mark Duebner, director of aviation for the City of Dallas said.

Read more at the Dallas Business Journal.

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Dallas Business Journal
Dallas-Fort Worth-Arlington
Infrastructure & Transportation
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