Real estate and banking had cratered. Main Street had dozens of shuttered businesses. Dallas was being called the hole in the regional doughnut, a less than flattering comparison to Detroit, and an acknowledgement that the tax and job base had exited to northern suburbs.
Those suburbs were winning a dog-eat-dog battle with Dallas, attracting businesses with the promise of land and tax breaks.
Dallas has rebounded. I can’t describe it now as the hole in the regional doughnut, especially downtown. Growth, however, is relative, and Dallas’ northern suburbs — Denton and Collin counties — are hot and getting hotter. However, I’m seeing historical trends repeating.