Forbes says Alliance has created “billion-dollar fortune” for Perots

Posted Thursday, Sep. 05, 2013  comments  Print Reprints
A

Have more to add? News tip? Tell us

That “sucking sound” you hear is all the money flowing into the Perot family coffers from AllianceTexas in north Fort Worth, according to Forbes magazine.

In a Sept. 23 cover story posted on the magazine’s website this week, Forbes says the massive master-planned industrial and residential development has created a third billion-dollar fortune for the Perots, afater Ross Perot Sr.’s lucrative sales of Electronic Data Systems and Perot Systems.

And the article credits Ross Perot Jr.’s success at Alliance to two trends his father famously warned the nation about: international trade and soaring government debt.

Alliance has become one of “the world’s great logistics hubs” by creating a crossroads for the increased flow of foreign-made goods across the United States. From J.C. Penney’s huge distribution center to the BNSF Railway intermodal facility to the AT&T fulfillment center that distributes iPhones, Alliance has become the largest “inland port” on the continent, Forbes said, “twenty years after Perot Sr.’s naive rants against free trade.”

And regarding federal spending and debt, Forbes notes that Alliance has benefited from “public largesse as well, in the form of infrastructure subsidies and tax breaks.” Fort Worth certainly hasn’t suffered, the magazine says, with Alliance attracting 35,000 jobs and 9,000 homes and generating $120 million in taxes for the city and surrounding towns.

Next, Junior is hoping to replicate the success with AllianceCalifornia, a development at the closed Norton Air Force Base in San Bernardino.

As for his father, Perot Sr. is quoted saying: “Alliance showed a lot of creativity and imagination, and it worked.”

— Steve Kaskovich

Founding partners of Concussion part ways

Allen Wallach and Andrew Yanez, the founding partners of Concussion, a Fort Worth-based advertising firm, said Wednesday they are parting ways after 12 years to operate separate firms.

Wallach, who was Concussion’s CEO, will continue to manage the agency. Yanez, who was Concussion’s chief creative officer, will launch a new firm, Pytchblack, the partners said.

In a news release, the men said the split was amicable and a “mutually beneficial arrangement,” as well as bittersweet.

Concussion grew to become one of Fort Worth’s larger firms, at one point employing 65 staffers. It currently has 25 employees and in 2012 reported $20 million in billings, or gross sales, the firm said. The agency worked with such firms as Konami, Texas Motor Speedway, Dean Foods’ Borden Cremora Non-Dairy Creamer, Chesapeake Energy, Brinker International’s On The Border restaurants, Bell Helicopter and others.

The agency won local, regional and national awards. In 2006, the Fort Worth Chamber of Commerce named it the Rising Star Small Business of the Year.

Smart Barre fitness opens second location

Smart Barre, a women’s boutique fitness studio specializing in “barre” classes, which combine Pilates, ballet and yoga principles in one class, has expanded to southwest Fort Worth.

Smart Barre recently opened at 6080 S. Hulen St. in Cityview.

Free classes are being offered Saturday for its grand opening. Donation are being accepted for Safe Haven of Tarrant County. Attendees can sign up online at www.smartbarrebody.com.

Allison Poston, a former ballet dancer, opened Smart Barre in June 2011 on Camp Bowie Boulevard. She and Kristi Rittby, a TCU math instructor, are opening the Cityview location.

Smart Barre has two franchise locations in San Antonio.

Sandra Baker, 817-390-7727 sabaker@star-telegram.com Jim Fuquay, 817-390-7552 jfuquay@star-telegram.com Barry Shlachter, 817-390-7718 barry@star-telegram.com

Looking for comments?

We welcome your comments on this story, but please be civil. Do not use profanity, hate speech, threats, personal abuse, images, internet links or any device to draw undue attention. Our policy requires those wishing to post here to use their real identity.

Our commenting policy | Facebook commenting FAQ | Why Facebook?