For long time Dallasites, Plano was the provincial little patch of flatland out north that housed a few strip centers and a handful of lonely corporate headquarters. Today it is anything but a suburb, boasting more than 270,000 residents, making it the 9th largest city in Texas. Plano has major corporations, hotels, mixed use developments, country clubs, and lots of wealth: according to CNN Money magazine poll, Plano is the wealthiest small town in America, with a median income topping $77,000 per year. It’s so big that it even has “subsets” of neighborhoods, from the old money of Willow Bend, to the eclectic artsy east side, to the grandeur of West Plano with robber baron-sized mansions that rival anything Highland Park has to offer. Plano is now officially a city.
Archive for June, 2010
Posted by Emili Carmichael | June 23rd, 2010 at 8:41 pm
Ever on the lookout for new sources of revenue, Plano mayor Phil Dyer spoke to a group of commercial real estate execs recently to let them know that Plano still has plenty of room for corporate development. Dyer noted that while the city’s residential areas are built out, “only 70-75 percent of the land zoned for commercial property is developed.” Dyer is a natural to sell the city’s benefits for business. He is president and director of the $1.5 billion LegacyTexas Bank, which is based in Plano, and a former Plano Citizen of the Year.