The City of Cresson, Texas
Cresson was incorporated in 2001 and its growth has exploded since 2005 when the Cresson Crossroads development began. The city has expanded to be over 65 square miles within the city limits and extra-territorial-jurisdiction (ETJ) area. The city has always been a distribution point, with an active railroad, rail yard and was the point where cattle were loaded for Fort Worth.
Today, the landscape has changed. A major entertainment center has emerged in Cresson with the Motorsports Ranch and Wake Sport Ranch near the center of town. These two are event-oriented facilities for high-performance race cars and the emerging sport of water skiing on a cable operated system. Weekend events fill up hotels throughout the area and create demand for food and other services.
Devon Energy (DVN), the largest player in the Barnett Shale gas play, opened its regional headquarters in Cresson in 2010 and employs more than 200 people. A new 65-room hotel opened in 2009 and several restaurants and cafes have opened within the past four years.There are over 500 new jobs within 3 miles of Cresson City Center.
No City Tax
The city has NO real estate tax and has been operating on the sales tax from the nearly $40 million in sales that occur annually. A new sanitary sewer plant and water system with new wells and elevated tank will provide the capacity for more growth for the next few years. The city is served by two school systems, Aledo and Granbury, both recognized as above average in the area.
The population has nearly tripled since 1990 within the five-mile radius and is anticipated to reach nearly 30,000 people within the ten-mile radius by 2015. Cresson is in the heart of a four city area; Cleburne, Weatherford, Granbury and Benbrook/Fort Worth which have more than 500,000 people combined within 20 miles of the city. Commerce and travel between Weatherford and Cleburne travels on SH 171 and from Granbury to Fort Worth on US 377. Some days over 60,000 vehicles move thru Cresson. TXDOT is planning a new limited access highway with frontage roads going thru the city and an overpass at SH 171 in the near future.
The local population is affluent by regional standards and more than 50% of the households within five-miles have incomes exceeding $75,000. Over 80% of the housing stock is owner-occupied.
Cresson is poised for growth and has the land, utility capacity, accessibility, good schools and location to be the next growth story in DFW. With no city tax and one of the lowest electricity costs, businesses are locating there.