Dallas City Council approves $18.5M in tax incentives in attempt to bring Morgan Stanley to Uptown area

Dallas City Council approved $18.5 million in tax incentives to help bring Morgan Stanley’s next major U.S. operations hub to the Uptown area. On Wednesday, council members voted unanimously, and Mayor Eric Johnson said the hub could bring more than $780 million in capital investment and create up to 4,800 new, high-paying jobs. The article adds that Morgan Stanley is also considering the Atlanta, Georgia area. If Dallas is selected, the bank would build a new office at 2401 McKinney Avenue north of the Woodall Rodgers Freeway, while beginning operations in a temporary regional office at 1445 Ross Avenue south of the freeway. The proposal arrives as other companies and sports teams explore moves within the metroplex.