Plano Offers $20M in Incentives for AT&T's New Multibillion-Dollar HQ

The Collin County suburb is prepared to provide a lengthy property tax rebate to the telecom giant for its planned 2 million-square-foot campus.

Published on Feb. 19, 2026

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Plano city officials have proposed a $20 million incentive package, including a 65% property tax rebate over 25 years, to lure AT&T's new multibillion-dollar global headquarters to the city. The telecom giant must spend at least $1.4 billion on construction and eventually employ 10,000 workers at the 54-acre campus, which is planned to open in the second half of 2028.

Why it matters

The deal represents the largest incentive package Plano has ever offered to a private employer, underscoring the city's efforts to attract major corporate relocations and solidify its status as a business hub in the Dallas-Fort Worth region. AT&T's move would build on Plano's success in drawing other large companies like Toyota and JCPenney.

The details

Under the proposed agreement, AT&T must build a minimum of 2 million square feet of office, amenity and retail space and occupy the headquarters for at least 25 years. In exchange, the city will provide a 65% real property tax rebate starting in 2030. Half the $20 million grant is intended to offset redevelopment costs at the site, which was previously home to the EDS headquarters.

  • AT&T is targeting partial occupancy at the new building as early as the second half of 2028.
  • Plano City Council members are scheduled to vote on the incentives at their Feb. 23, 2026 meeting.

The players

Plano City Council

The governing body of the city of Plano, Texas, which is set to vote on the $20 million incentive package for AT&T's new headquarters.

AT&T

The American telecommunications conglomerate that is planning to build a new multibillion-dollar global headquarters in Plano, Texas.

John Stankey

The CEO of AT&T who announced the company's plans to build its new home on 54 acres at 5400 Legacy Drive in Plano.

John Muns

The mayor of Plano, Texas, who has lauded AT&T's move as another chapter in the city's success story of attracting large businesses.

NexPoint

The Dallas investment firm that owns the 215-acre site where AT&T plans to build its new headquarters, which includes the former Electronic Data Systems (EDS) headquarters.

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What they’re saying

“AT&T's relocation represents a powerful reinvestment in the Legacy business district, building on an extraordinary foundation that has driven growth in Plano and our region for decades. The addition of AT&T brings fresh momentum to this iconic area and helps position Legacy for its next generation of success.”

— John Muns, Mayor of Plano (City of Plano)

What’s next

The Plano City Council is scheduled to vote on the $20 million incentive package for AT&T's new headquarters at their meeting on February 23, 2026.

The takeaway

Plano's willingness to offer substantial incentives to attract AT&T's new multibillion-dollar global headquarters underscores the city's efforts to cement its status as a major business hub in the Dallas-Fort Worth region, building on its success in luring other large corporate relocations like Toyota and JCPenney.