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Fort Worth's Statistics Enviable Picture

FORT WORTH-Unlike its peers, the city seems insulated from the turmoil, with its fundamentals far better than most. Not even crude oil's falling price is predicted to sap its economic health.

By Connie Gore | Updated on October 24, 2008

[IMGCAP(1)]FORT WORTH-In an industry defined by numbers, the City of Fort Worth’s statistical picture makes it the envy of its peers. Across the board, fundamentals for retail, office and residential are holding up and on the rise, seemingly insulated from the economic turmoil ricocheting worldwide.

“We see it on the news, but it’s not outside our window,” says Johnny Campbell, president and CEO of Sundance Square and guardian of 39 CBD blocks controlled by the Bass family. “We’re not foolish enough to say we shouldn’t be concerned. We acknowledge the world around us and we acknowledge we’re not without impact. But, it’s definitely buffered.”

Not even crude oil’s now-falling price per barrel is expected to darken the city’s economic health despite deep-running ties to oil and gas, both in its backyard and family office portfolios. Keeping monthly tabs on the city’s economic fundamentals, Downtown Fort Worth Inc.’s latest dashboard report shows strongly the city is bucking the US trend.

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