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AECOM selected as program manager for Fair Park capital projects program in Dallas, Texas
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Rhea-AI Summary
AECOM (NYSE: ACM) has been selected by Fair Park First to provide program management services for capital improvements at Fair Park in Dallas, Texas. This 277-acre cultural and entertainment complex will see enhancements aimed at preserving historical venues while modernizing facilities and infrastructure. AECOM aims to create lasting social value by collaborating with minority- and women-owned enterprises. Key projects include the Community Park Complex, featuring an 18-acre greenspace and a 1,650-space parking structure. AECOM's efforts align with a broader revitalization campaign to restore Fair Park as a key community destination.
Positive
Selected to manage major capital improvements at Fair Park, enhancing its cultural and historical significance.
Collaboration with minority- and women-owned enterprises to improve social outcomes.
Development of the Community Park Complex, providing new recreational space and addressing environmental concerns.
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DALLAS--(BUSINESS WIRE)--
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today that it has been selected by Fair Park First to provide program management services for major capital improvements to Fair Park, a 277-acre, cultural and entertainment complex in the heart of Dallas, Texas. AECOM will support Fair Park First’s capital projects to deliver outcome-driven solutions and a lasting legacy through enhancements that create and integrate park facilities, preserve historically significant venues, and revitalize the park as a destination within the region and beyond.
“Fair Park First brings a bold, inclusive vision to revitalizing this storied urban asset at a time when investment in equitable spaces has never been more important,” said Lara Poloni, AECOM’s president. “In line with our Sustainable Legacies strategy of partnering with clients to make a lasting, positive impact, we’re committed to improving social outcomes at each step of the program by working with minority- and women-owned enterprises and surrounding businesses to create real, measurable value and help make Fair Park a reflection of Dallas’s diversity and dynamism.”
AECOM will oversee the delivery of the upcoming Community Park Complex, an expansive 18-acre greenspace that also includes a 1650-space parking structure. AECOM will partner on future projects by managing design, construction, permitting, and closeout, among other services. As part of a series of improvements informed by the Fair Park Masterplan Update, these efforts will support the construction and modernization of multiple facilities and an overhaul of general infrastructure with an emphasis on resilience and sustainability. As the program’s signature addition, the Community Park will embody a climate-conscious approach, introducing a vital new recreational space to Fair Park while expanding blue-green infrastructure to mitigate flooding and other environmental risks.
“We’re proud to partner with Fair Park First to modernize this National Historic Landmark and help deliver a world-class space that deepens community connections and contributes to the ongoing transformation and rich cultural heritage of the city of Dallas,” said Drew Jeter, chief executive of AECOM’s Program Management global business line. “Leveraging our decades of experience managing complex urban developments and industry-leading global expertise, our teams are poised to help Fair Park First realize this community-centric project and extend Fair Park’s legacy as a vibrant gathering space.”
Established in 1886, Fair Park has become a major destination for Dallas, drawing more than six million visitors annually. In addition to supporting regular programming and events, it is home to several prominent attractions, including the State Fair of Texas®, the African American Museum of Dallas, Cotton Bowl® Stadium, and the Hall of State—as well as containing one of the largest collections of exhibition style Art Deco structures in the United States. The capital improvements for Fair Park are part of Fair Park First’s revitalization campaign to putthe “Park” back in Fair Park.
“We are thrilled to announce the addition of another world-class firm to our capital projects team,” said Fair Park First Board President Darren L. James, FAIA. “With this new partnership, we can continue the work of putting the park back in Fair Park and restoring it to its rightful place as an international attraction.”
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.1 billion in fiscal year 2022. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the expected benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas construction businesses, including the risk that any contingent purchase price adjustments from those transactions could be unfavorable and result in lower aggregate cash proceeds and any future proceeds owed to us under those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
