Valwood's Value Spikes $129M for 2002 Count

CARROLLTON, TX-The 2,200-acre Valwood Park has recorded its largest valuation increase, $129 million, in its 28-year evolution from farmland into a leading industrial corridor. The park contains 20 million sf of industrial space and 3.4 million sf of office product.

Pat Canuteson, executive director for the Valwood Improvement Authority, says the $1.9-billion plus assessed value is a final count, coming after all tax appeals have been adjudicated. It also comes at a time when its cities of Carrollton and Farmers Branch are again toying with allowing Freeport exemptions as is the Carrollton-Farmers Branch Independent School District, Canuteson tells GlobeSt.com. Of course, that’s been discussed before and then dropped, he adds.

Despite the numerous freeway accesses, the park continues to face stiff competition from areas with Triple Freeport allowances. Of the five taxing entities with a stake in the park, only Valwood’s authority and Dallas County offer the inventory tax break as an incentive for setting up shop in a Valwood building.