This Week in Irving

Happy Thanksgiving!

Power Down

Wells Fargo’s new corporate campus in Irving, Texas is the largest “net-positive” corporate campus in the United States, meaning it generates more energy than it consumes.

More Economic Cooling

From Irving’s neighbor to the north: FedEx closing a third-party logistics operation in Coppell, will lay off 856 workers.

Irving Puts The Brakes On Developers

Irving on a crash course with Austin over SB 840: “Irving upped its height requirements to eight floors. Developers must include a dog park, a gym, a swimming pool, a workspace for remote workers and pick from a handful of additional amenities for new developments.”

Flood Mitigation Money Floods In

Irving gets $70 million from the Texas Water Development Board for flood mitigation improvements.

Irving ISD $118.7 Million Refinancing Gets Good Rating

Irving Independent School District’s (ISD) refinancing of $118.7 million “unlimited-tax” bonds — meaning there’s no cap, and taxes go up as much as necessary to repay them — got an AA+ rating, just below the highest AAA (which very few districts actually have). This means very strong creditworthiness and an extremely low risk of default, allowing for lower interest rates on future bonds.

Greater context: in 2023 voters in the Irving ISD approved $573.8 million in bonds to replace Barton, Farine, and Crockett, renovate 32 other schools, build a new Student Transportation Center, and provide students with computers and high speed WiFi. Unexplained is how computers and high speed wifi would help Irving students concentrate on learning. Happily, voters rejected the $45 million Indoor Athletic Facility Construction bond and the $83 million Events and Exhibition Center Construction bond.

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