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 Texas Department of Public Safety, the Drug Enforcement Administration, and Garland Police Department conducted the investigation. Assistant U.S. Attorneys Abby Policastro and Marissa Aulbaugh prosecuted the case.
“This verdict should send a clear message to drug dealers that we will dismantle any effort to peddle deadly fentanyl in our community,” said U.S. Attorney Ryan Raybould. “I want to thank our law enforcement partners for their dedicated collaboration in taking thousands of fentanyl pills off the streets of Dallas.”
If the Dallas Cowboys want to get over the hump and back into the playoffs in 2026, they’ve got to see a massive improvement in the defense.
Owner Jerry Jones was brutally honest with just how much the Cowboys were held back by their defense in 2025, and the numbers very clearly spell that out.
How does a Cowboys team that ranked top 10 in passing, rushing and points on offense still miss the playoffs?
Well, Dallas also ranked 30th in total yards allowed, 32nd in passing yards, 23rd against the run and 32nd in points against, that’s how. That putrid showing rightly cost Matt Eberflus his job, which set the stage for Dallas to hire Christian Parker.
It also set the stage for a total overhaul of the defense, with Dallas making many additions to that side of the ball, including at corner, where the Cowboys were bad on the boundary and in slot last season.
Fow now, we’re more focused on the boundary competition, as the Cowboys appear set to roll with Caleb Downs in the slot.
The Cowboys won’t have much hope for a playoff appearance if the cornerback play doesn’t improve. Of the 10 teams that landed in the bottom 10 in passing yards allowed last season, only two of them made the postseason.
Of course, the pass-rush played a part in that, and while Dallas has made multiple additions to that group this offseason, there really aren’t any guarantees with Rashan Gary, Malachi Lawrence or Donovan Ezeiruaku.
If that trio fails to improve a pass-rush that was tied for the seventh-fewest sacks in the NFL in 2025, the cornerbacks become even more crucial.
DaRon Bland and Shavon Revel did not play well in 2025, and while the former appears safe for now when it comes to a starting job on the outside, his leash could be short if he struggles again.
Revel, on the other hand, isn’t locked into a starting job on the boundary and is competing with Durant and Caelen Carson. It’s also worth keeping an eye on who finishes in second in that battle because that player could replace Bland if he struggles or gets hurt again.
There is hope Revel can bounce back now that he’s another year removed from the torn ACL he suffered in his final year in college and can enjoy a full offseason, but we’ll have to see it first before we can believe it.
“It’s very beneficial,” Revel said of having a normal offseason. “Just because I can clean up a lot of things, a lot of errors I didn’t see last year, or I did see last year, that I could clean up this year.”
“My knee is 100%, so now it’s time to focus on situational ball and I’ve got to see what I need to fix or get better at,” Revel added.
When training camp kicks off next month, we’re going to be locked into watching the battle at cornerback because it could very well make or break Dallas’ entire 2026 campaign.
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The NFL offseason is moving along as the Dallas Cowboys recently wrapped up their mandatory minicamp. Their next big event takes place at the end of July when they meet in Oxnard for training camp.
Coming off a 7-9-1 campaign, the Cowboys have several areas they would like to improve, and while defense has been the focal point, there will be plenty to watch on offense as well with players fighting for their spot on the depth chart.
That means there will be no shortage of storylines to follow, including keeping an eye on these three players who enter camp with their stock trending in the wrong direction.
It has been a roller coaster for Jonathan Mingo ever since being traded to Dallas ahead of the 2024 deadline. He made no impact during his first eight games, recording just five receptions. He seemed ready to rebound in 2025, however, as he took advantage of his first full offseason with the Cowboys.
Mingo was one of the stars of training camp and put himself in the WR3 conversation. A knee injury put an end to that run and he wound up playing in just six games and had one catch. Now, Mingo heads into camp with very little chance of making the 53-man roster.
At this time last year, Joe Milton III was one of the hottest names in Frisco. The former New England Patriots quarterback was expected to give them a more explosive QB2 behind Dak Prescott after Cooper Rush left in free agency. LeSean McCoy went overboard by saying Dak Prescott’s job was in danger, but there was still a lot of understandable hype.
Now as he enters his second season with the franchise, Milton is going to be battling for the backup spot with Sam Howell, who was signed this offseason. Milton still has a rocket for an arm and unbelievable athleticism for a 6-foot-5, 246-pounder, but he could be in danger of losing his roster spot if he can’t find more consistency.
Dallas added three safeties this offseason, signing Jalen Thompson and P.J. Locke in free agency and selecting Caleb Downs in the first round of the NFL draft. Thompson has yet to fully practice due to an injury but Downs has been turning heads and Locke has taken advantage of the extra snaps.
That’s not ideal for Malik Hooker, who has also been sidelined with an injury. Unlike Thompson, Hooker isn’t in the first year of his deal, so his missed time is more detrimental. He also doesn’t have experience with the coaching staff the way Locke does. That means he’s entering camp without much momentum at all, and could be in danger of losing his spot.
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