[UPDATE] Deloitte University, aka Deloitte Disneyland, will be getting some new attractions now that Tarrant County commissioners approved tax breaks for Deloitte to proceed with a $300 million expansion of its training center campus in Westlake, TX.
The Dallas Morning News reported on July 26:
Commissioners unanimously approved a 10-year deal that could save the company up to $5.1 million in taxes. The company plans to add to its existing 700,000-square-foot Deloitte University campus with additional amenities such as a fitness center, innovation and learning facilities and more guest rooms.
“We certainly appreciate the great corporate citizen that Deloitte has been in our area,” said commissioner Gary Fickes.
The expansion will add eight buildings across at least 300,000 square feet. Twenty-five full-time jobs with average salaries of $90,000 also will be created when the company expands across its recently purchased 225 acres.
Deloitte cannot receive more than a 75% tax abatement during a single year. The rate starts at 55%, as long as Deloitte hits a minimum of $300 million in its capital investment, keeps all existing jobs and creates the 25 jobs. Increased spending and more jobs can increase the tax break percentage.
The project is expected to begin in 2023 and will be completed in at least two phases before Jan. 1, 2029, according to the Dallas Morning News.
[Original article posted on July 21.]
Deloitte University, known more for its delicious brisket and hash brown cheese casserole served in the facility’s cafeteria than its intended purpose of training Green Dot younglings, might be expanding its campus in Westlake, TX, depending on how local government officials vote on the proposed expansion.
From the Dallas Morning News:
Deloitte University, the consulting firm’s showplace training center and hotel in Westlake, Texas, could soon undergo a $100 million expansion.
Tarrant County commissioners next week will consider a new tax abatement proposal for an addition to the more than 700,000-square-foot facility.
Deloitte LLP, which provides audit, tax and risk advisory services to corporations and government agencies, opened the $300 million campus located northwest of DFW International Airport on Hillwood’s Circle T Ranch in 2011. It was one of North Texas’ largest private commercial projects of the time.
The company has since purchased about 118 acres adjacent to the campus, giving it 225 acres to work with, according to Community Impact. The expansion plan calls for eight new structures to be built on the campus, including a 20,000-square-foot ballroom, an 800-room hotel and a 176-seat amphitheater.
Deloitte wants to start construction next year, with an estimated completion date in 2026.
Deloitte’s expansion plan includes a 2030 sustainability plan of achieving net-zero emissions. It also projects 25 new jobs with an average salary of $90,000, according to Dallas Morning News.
You knew Deloitte couldn’t stand having a training facility smaller than KPMG’s.