Locator: 51543DALLAS.
Sent to me by a reader: thank you very much. This is a huge development for so many reasons.
Speaks volumes about Dallas becoming the nation's second financial hub after Wall Street.
Morgan Stanley has reportedly picked Dallas over Alpharetta, Georgia, for a phased operational hub involving more than $1.3 billion in planned company and developer spending that city records say could support 4,800 jobs by 2039.
The New York-based financial giant chose Dallas after months of competition between the two cities, the New York Post reported Thursday. Morgan Stanley has not announced the decision publicly.
The reported selection advances a project The Dallas Express covered in June after the Dallas City Council unanimously approved up to $18.5 million in grants plus 90% business personal property tax abatements. The abatements run for five years at the temporary site and 10 years at the permanent site under the city agreement.
