With several new recruitment and retention projects in the works for
2012–more than 31 coming to the table since October 1–the entire North Texas
area and local businesses will all benefit from economic activity in Irving.
With a strong commitment to grow our local business and retail base in 2012 as
in 2011, Irving is fortunate to have several new projects already in the
pipeline before the New Year begins.

Our challenge, although a good one, is to prioritize these projects based on
community needs, as well as what the market will bear in a recovering economy
with tighter financial lending. Several Irving submarkets, such as Las Colinas,
are always the first to turn around in tough economic times, and that is what we
are seeing signs of today.

The city is working closely with DART to ensure light rail service to Irving
in July 2012 and directly into terminal A and B in Dallas/Fort Worth
International Airport in 2014. The Orange Line will generate a whole host of new
opportunities for our transit-oriented developments and, in fact, become a
recruitment tool for us as we win more economic development deals and grow
jobs.

We recently welcomed several large corporations, including Ecolab and
Celanese, as well as small to midsized businesses event retail locations like
Sfuzzi, The Cellar, and Jos A. Bank. And now we’ve begun to see more planned
projects from outdoor sports entertainment companies and upscale single-family
and multifamily homes, which will increase density around rail stations.

The projects slated for the upcoming year will certainly benefit the
residents and corporate citizens of Irving, but they also stretch across North
Texas, as the Orange Line will be the first light rail to connect D/FW Airport
and downtown Dallas.