Locator: 50075INVESTING.
Tag: Alliance Airport
Another huge story for Ft Worth: we've talked many, many times about Alliance Airport, just north of Ft Worth.
Now this: link here.
MP Materials Corp. announced it has selected a 120-acre site in Northlake for its 10X campus, a planned large-scale earth magnet manufacturing campus in the Alliance area of Fort Worth.
Located less than 10 miles from another MP Materials’ Independence facility in Fort Worth, the 10X facility is expected to contribute to the company’s total production capacity of approximately 10,000 metric tons of neodymium-iron-boron, or NdFeB, rare earth magnets per year once it is operational, according to a news release.
“This Texas-sized investment by MP Materials in Northlake will create more than 1,500 corporate, manufacturing and engineering jobs and dramatically expand domestic manufacturing of rare earth magnets to reduce reliance on foreign supply chains.
This expansion in North Texas reflects the strength of our skilled and growing workforce and our advanced manufacturing expertise. Working together with innovative industry partners, Texas will accelerate America’s leadership for decades to come.”
The release states the groundbreaking will happen soon and equipment and engineering procurement are underway, set to commence in 2028.
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Texas
Everyday I wake up thankful I retired in Texas.
I'm sure if they had their way, they would be thrilled to go back to the whip and buggy days.
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Alliance Airport
Re-posting. From November 13, 2022
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DFW: Not The Only Airport In The Metro Area
Love Field: SWA. Downtown Dallas. Passenger.
But this is "a" best-kept secret: Fort Worth Alliance Airport. Link here.
Right now, the "population" center of the DFW metroplex is north of Dallas: Plano, McKinney, Frisco -- some of the fastest growing cities in the US and some of the "richest" cities in the US, home of many, many Fortune 500 companies.
Texas DOT projects/predicts and is planning for the DFW metroplex "population center will move west and by 2050, that center will be north of Ft Worth, right over Westlake, Roanoke, Rhoame. And the airport located there? Fort Worth Alliance Airport .... the country’s first industrial airport, which began Hillwood’s flagship 27,000-acre AllianceTexas development.
DFW: 17,000 acres.
[The master-planned project] was named AllianceTexas because it was a true public-private partnership.
Froom Ross Perot, Jr, and the linked article:
Some 35 years ago, if you looked at a map of Dallas-Fort Worth, the last big piece in North Texas to be built out was the region northwest of DFW Airport. Like other developers, we started out buying land in North Dallas and up and down the Tollway. It was the classic Dallas play. Well, the land prices got too expensive. So, we moved over to north Fort Worth where the land was cheap. That’s where we started investing.
We had one piece of land—about 2,500 acres—and the FAA came to us and said they want to build another airport in North Texas. It was part of the DFW Master Plan, and they built four new airports in the region. We were the second of the four.
We were young. [AllianceTexas co-founder] Mike Berry and I were 26 or 27 years old at the time. What’s great about being young is that you don’t know what you don’t know. All of the established developers at the time told us it would take decades to build an airport.
So, in 1986 the idea was brought to us. We broke ground in the summer of 1988, and we were open by the fall of 1989.
We ended up developing a new generation of airport, called an industrial airport. At the time, the designation didn’t exist with the FAA. So, I went to see the Speaker of the House at the time, Jim Wright (D-Texas). He told me, ‘Don’t worry, Ross, we’ll have a new category in a couple of weeks.’ He wrote it into the budget. And that’s how it got done.
By the way: in the very same area -- GE locomotives for Burlington Northern (now, part of Warren Buffett's empire) --
GE Transportation is a division of Wabtec.
It was known as GE Rail and owned by General Electric until sold to Wabtec on February 25, 2019.
The organization manufactures equipment for the railroad, marine, mining, drilling and energy generation industries.
The company was founded in 1907. It is headquartered in Pittsburgh, Pennsylvania, while its main manufacturing facility is located in Erie, Pennsylvania.
Locomotives are assembled at the Erie plant, while engine manufacturing takes place in Grove City, Pennsylvania.
In May 2011, the company announced plans to build a second locomotive factory in Fort Worth, Texas, which opened in January 2013.
I'm sort of expecting Wabtec to move to Texas some day.
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First, It Was DQ -- Now, Buc-ee's
