Wednesday, November 04, 2015

American Airlines seeks $25 million in incentives for new Fort Worth headquarters

American Airlines is asking the Fort Worth City Council for a 15-year, $21.25 million tax incentive to build the $350 million corporate campus it plans on 300 acres west of Texas 360 next to American’s training and operations centers.

American (Nasdaq: AAL) also is asking the city to recommend the headquarters project for the Texas Enterprise Zone program. If approved, that state program could give the airline an additional $3.75 million in refunds on state sales and use taxes.

American Airlines is seeking $25 in incentives for its headquarters project just off State Highway 360 in Fort Worth, near the American Airlines Flight Academy.

Bill Hethcock/Dallas Business Journal