I hope you know it was a quote from the President of the Fort Worth chamber. Not my words. If anything from what I remember he was planning to "compete" with Dallas on business that needs office space. I have my doubts weather he can ? But I hope I am wrong. And he was not talking about tourism. lol But it seems I cannot find my post with the link ?
Again, not a rebuttal to anything you said, IMO, the emphasis being placed on competing with Dallas for businesses needing office space is going to be daunting. Fort Worth doesn't have an available pipeline of speculative new, cutting edge office space that businesses will be demanding.
It seems that 1 or 2 realty groups control the Downtown Market. Until Downtown becomes less of a monopolistic district and more open to where speculators like Jetta can come in with the willingness to build 21st Century office spaces, there will be a revolving door through which office space will be largely under the management of Sundance Realty and Simpson Restoration. If the Chamber wants some speculative office projects for new office business for Downtown, then I hope that it can persuade Hillwood to invest in Downtown. Hillwood should be the first developer on it list. And why not?; as Hillwood has certainly done well in Far North Fort Worth.
Leisure Tourism is a market that Fort Worth ought to compete in more vigorously. The hospitality industry is showing that there is a growing interest in Fort Worth evidence by the new speculative hotels in the pipeline. Fort Worth immediate future when it comes to Downtown is to get the Convention Center and Convention Tourist business up an running in a major way
To a VERY large degree your correct in this statement, while I don't know I would say it is those two families/companies, but one of the biggest differences between Dallas and Ft Worth when it comes to land is in Dallas, everything has a price and at the end of the day, usually a reasonable one depending on what your buying. Ft Worth on the other hand is much the opposite, land in downtown and even surrounding areas in many cases have been in families for generations and many times quite frankly .... there is no price, or at least sensible price. I remember looking at a nice piece 5 years or so back about 2 acres vacant, hasn't been anything on it in decades and when we approached the owners, "not for sale" I mentioned, "everything has a price", the guy looked at me quizzically and said well, that's true, but I don't think your going to be willing to pay 10 mil for it and that's what it would take. D vs FW .... totally different worlds when it comes to buying land and doing developments.