Last night I supported the relocation of D.R. Horton’s headquarters to Arlington. We have been in negotiations for the last 2 yrs. trying to get him to come back home. Last night the final piece fell into place. I must say that I had my reservations about giving a billionaire $5.5 million to entice him to our city. The Horton complex will be located on the I-30 west bound frontage road, between Progressive and the IHOP. The reason for the move is to get out of downtown Ft. Worth and take advantage of Arlington’s location and our easy access to DFW.
Horton will be given $1.83 million a yr. for the next three yrs. This money will not come from the taxpayer’s pockets. This was essential in order for me to support the move. The money will come from some gas funds from the city’s side of the ledger, not the ATF’s. Then Buzz Pishkur, Arlington’s Water Department Director, will sell purified water to other cities to make up the difference. This line of revenue was the brain child of Buzz and Trey Yelverton our City Manager. I couldn’t in my mind justify the movement of taxpayer dollars, directly to Horton. That doesn’t work for me.
Horton has already started to do work at the site. He will start to move dirt in the next couple of weeks. The campus will be a collection of buildings that will house America’s largest home builder’s new headquarters. Housing 350 employees initially, they are required to stay at that location for the next 20 yrs. If they expand to 500 employees they only have to stay for 12 yrs. and will ensure that the city gets it $5.5 million back. The campus is currently planned to encompass 165,000sq/ft. Welcome back home to Arlington D. R.