STRATEGIC PRIORITY: Growing
AGENDA DATE: June 11, 2025
COUNCIL DISTRICT(S): 14
DEPARTMENT: Office of Economic Development
EXECUTIVE: Robin Bentley
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SUBJECT
Title
Authorize an amendment to the Business Personal Property Tax Abatement and Chapter 380 Grant Agreement ("Agreement") between the City of Dallas and Digital Realty Trust, L.P. ("Digital"), previously authorized by City Council Resolutions Nos. 21-0444 and 21-0616 on February 24, 2021 and April 14, 2021, respectively, related to the multiple-phase expansion and renovation of Digital's data center and offices ("Project") located at 2323 Bryan Street in the central business district to (1) delete the Business Personal Property Tax Abatement; (2) reduce Digital's minimum investment requirement from $104 million to $13 million; (3) reduce the amount of the Chapter 380 economic development grant from $1,000.00 to $290.00 for each new full-time permanent job for a total reduction of $150,000.00 (from $200,000.00 for a total amount not to exceed $50,000.00); (4) increase the required minimum number of full-time permanent jobs created at 2323 Bryan Street with a minimum average annual salary requirement of $120,000.00 from 143 full-time permanent jobs to 175 full-time permanent jobs; and (5) reduce the minimum local hiring requirement from 35% to 25%, in accordance with the City's Economic Development Incentive Policy - Not to exceed $50,000.00 - Financing: Public Private Partnership Fund (see Fiscal Information)
Body
BACKGROUND
In 2021, in consideration of the Project, City Council authorized an economic development incentive agreement between the City of Dallas and Digital related to the expansion and renovation of Digital's data center and offices located at 2323 Bryan Street that included:
1. A 50% business personal property tax abatement on added applicable business personal property tax for a period of five years
2. A Chapter 380 ...
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