Look, let me say first I love downtown Dallas as much as anyone else. I live in the DFW because I love the DFW*.
And then today I read this little platitude from Mayor Leppert.
You all have understood, that so goes downtown, so goes Dallas, and so goes North Texas.
Um, not really. In fact, hard statistics for the past 30 years show otherwise. Despite decades of valiant efforts, downtown Dallas consistently has the worst rate of occupancy for both commercial and residential real estate.
This has been true consistently despite both booms and busts everywhere else in the DFW area. During several periods of massive population, retail, spending and business growth all over DFW, downtown Dallas has still just plodded along well behind the rest of the pack.
Downtown Dallas may be important to our hearts, but what happens to downtown Dallas has almost zero impact on the rest of the Dallas-Fort Worth economy. Downtown is not the core of Dallas-Fort Worth — it’s just one more submarket in a huge metropolitan area that has no center.
* (offer void in Garland)