The Dallas-Fort Worth economy is ending 2025 in a much different manner than it began.
In a year that started with all eyes on Washington, D.C. and an incoming (and repeat) Trump Administration, North Texas carved its own path, reshaping the business landscape for years to come. Here are a few of the biggest stories of 2025:
Once a bellwether of the retail world, Plano-based JCPenney in January said that it was merging with Sparc Group to form Catalyst Brands, bringing in names such as Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica.
Longtime Dallas-based luxury department store chain Neiman Marcus, which was acquired in 2024 by Saks Global, announced and then unannounced that it would close its iconic downtown department store. The move was a blow to downtown leaders and city officials in an era when the central business district is being displaced as the region’s business and cultural epicenter.
Texas became the hotbed for the data center boom this year, with dozens of companies announcing plans for these energy-sucking, AI-enabling facilities. Gasoline was thrown on an already sizzling market when OpenAi announced its Stargate initiative in February. This adds to major North Texas data center projects from players such as Meta, Google and Nvidia partners Aligned and Wistron.
After more than six years of discussions — delayed by new economic realities after the COVID-19 pandemic — DFW International Airport and American Airlines finalized a deal for a super-sized $4 billion Terminal F, the first new terminal since 2005. The upsized plans will include 31 new gates, exclusively occupied by Fort Worth-based American. The first phase should open in 2027.
Celebrity TV problem solver Phil McGraw saw his North Texas-based startup Merit Street Media crumble in 2025 and file for bankruptcy, starting a contentious, fireworks-filled and often baffling court battle with partners such as Professional Bull Riders and Trinity Broadcasting Network. It was more entertaining than the famous Dr. Phil “Cash Me Outside” episode.
Dallas-based banking giant Comerica was purchased by Ohio’s Fifth Third Bancorp in a $10.9 billion deal. Fifth Third was essentially buying its way into the Texas market, alongside branches in Arizona, California, Florida, Michigan and Texas.
These are just a few of the major storylines. There is also the drama about a Dallas ranch real estate agent killed by a buffalo during a hunt in South Africa, numerous real estate deals and residential expansions, arena searches by Dallas’ NBA and NHL teams that turned into a soap opera. A Muslim-centric development near Josephine gained national notoriety from politicians railing against the project.
National economic storylines such as international import tariffs and more aggressive national immigration enforcement efforts all reshaped the North Texas economy, too.
One thing was consistent. The Dallas-Fort Worth economy kept chugging along, adding some 42,600 jobs between the beginning of the year and the end of the third quarter. The more things change, the more they stay the same.
The Dallas Cowboys were initially in the mix for Las Vegas Raiders superstar pass rusher Maxx Crosby ahead of NFL free agency, and were believed to be one of the finalists in trade talks. However, he was ultimately traded to the Baltimore Ravens for two first-round picks.
Now, the NFL world has been turned on its head with the Ravens deciding to pull out of the trade agreement with Las Vegas.
On Tuesday night, NFL insider Adam Schefter was among the experts discussing what went wrong between the Raiders and Ravens, revealing that Cowboys team physician Dr. Daniel Cooper, one of the premier knee specialists, played a role in the Ravens’ evaluation of Crosby.
Schefter discussed how Dr. Cooper was among the doctors who reviewed scans on Crosby’s knee, which ultimately spooked the Ravens and triggered the end of the deal.
“The Baltimore Ravens essentially failed him on their physical, and my understanding is there were multiple doctors that reviewed his MRI scans,” Schefter said. “There were doctors that examined him, including Dr. Daniel Cooper, the Dallas Cowboys doctor that performed surgery on Patrick Mahomes and Malik Nabers.
“Many teams and players rely on Dr. Cooper’s expertise, and Dr. Cooper was one of the doctors who reviewed the images where the Ravens then felt compelled to back out of this trade.”
It’s hard not to connect the dots that Dr. Cooper’s involvement in the medical review of Crosby led to the team deciding against re-engaging in trade discussions. Though that could change, currently, the Cowboys are expected to move forward with Pro Bowl EDGE Rashan Gary, who the team agreed to acquire from the Green Bay Packers for a 2027 fourth-round pick on the first day of legal tampering.
It will be interesting to continue monitoring the situation and its fallout, which has left the Raiders in a terrible position.
But, with the Raiders now forced to re-examine the money they committed to free agents on Wednesday evening, they may have to pull out of one of their own agreements, which could open the door for the Cowboys to reopen their pursuit of a linebacker like Nakobe Dean or Quay Walker.
The 2026 NFL calendar year officially begins on Wednesday, March 11, at 4:00 p.m. ET, so get your popcorn ready, because it’s going to be a wild ride.
Dallas Cowboys Nation’s hopes of landing superstar pass rusher Maxx Crosby were dashed last weekend when it was announced that he was being traded to the Baltimore Ravens. However, less than 24 hours before the new year, the trade has fallen apart.
On Tuesday night, the Las Vegas Raiders announced that the Ravens have backed out of the trade.
“The Baltimore Ravens have backed out of our trade agreement for Maxx Crosby,” the statement read. “We will have no further comment at this time.”
The news sends a major ripple for the league, with the Crosby sweepstakes once again open. Before his trade to the Ravens, the Cowboys were considered one of the teams closely monitoring the situation and a team that made a legitimate offer for Crosby.
At this time, there is no word on why the trade between Las Vegas and Baltimore fell through. When the trade was first reported, the Raiders were set to receive a 2026 and 2027 first-round pick from the Ravens.
Now, his future is in limbo. Before he was traded to the Ravens, it was believed that the Cowboys, Chicago Bears, and Los Angeles Rams were the top candidates to land him. In fact, the Cowboys were “considered runner-ups” in the sweepstakes.
According to ESPN’s Jeremy Fowler, the Cowboys initially offered the No. 12 overall pick in the 2026 draft, a 2027 second-round pick, and an unnamed veteran player.
“Dallas kept a hard line throughout. The franchise wasn’t willing to part with two first-round picks, hoping its 12th pick in April’s draft, plus a future second-rounder, would be enough to entice Las Vegas. Dallas was also willing to package a veteran player to sweeten the deal, but Vegas wasn’t interested in that. The Raiders prioritized picks,” Fowler wrote.
Last season, Crosby recorded 73 total tackles, 28 tackles for a loss, 20 quarterback hits, 10 sacks, two forced fumbles, and an interception.
We’ll have to see if Dallas ends up being his new home, now that the team has a second chance to make something special happen, but there will be some serious competition. The 2026 NFL calendar year officially begins on Wednesday, March 11, at 4:00 p.m. ET.
DALLAS – Severe thunderstorms are forecast to return to North Texas late Tuesday, bringing threats of damaging hail, high winds and localized flooding. While the primary concerns are wind and hail, a few tornadoes cannot be ruled out.
We have another chance of severe storms starting Tuesday afternoon. Meteorologist Ali Turiano has your forecast and everything you need to know ahead of the storms.
Scattered showers and storms are expected to develop as a dryline to the west moves into the region. Storm conditions are expected to intensify as the day progresses.
The greatest concerns remain damaging winds and large hail. The leading edge of the storm front will likely be the most intense, with the potential for straight-line winds and brief spin-up tornadoes.
The highest potential for severe weather in the Metroplex is from 2 p.m. to 6 p.m., though lingering activity could continue until 2 a.m. Wednesday. Residents are advised to seek shelter immediately if a warning is issued for their area.
A final round of storms is expected Wednesday, primarily between noon and 7 p.m., according to the National Weather Service. These storms carry a threat of half-dollar-sized hail and damaging winds.
Behind this system, North Texas will dry out and briefly cool off. Sunny skies return Thursday with a high in the mid-60s. Temperatures will then warm into the upper 70s on Friday before a sunny weekend with highs in the low 80s.
The Source: Information in this article comes from the National Weather Service and FOX 4 forecasters.
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