Showing posts with label poor and economic development. Show all posts
Showing posts with label poor and economic development. Show all posts

Monday, June 18, 2012

Fair Park, a future? (reprise)

Fair Park may be the most under-utilized asset in the city of Dallas. 

The 277 acre community resource combines museums, seasonal attractions (including the best known, State Fair of Texas), history, art and performances.  It is a national historic landmark. Personally, I have very fond memories of walking to the State Fair with my best buddy when we were grade school kids.  His dad allowed us to tag along to his workplace not far from the park and we'd walk the short distance to a destination of great fun and wonder. 

For many reasons, those days are long gone. 

I've been thinking about Fair Park and its possibilities for quite awhile now.  When Jerry Jones decided not to build Cowboys Stadium in the park, I wondered why the city of Dallas wouldn't redevelop it in a manner that would actually produce more economic return to more of its citizens than a football stadium. 

More recently, I read Patrick Kennedy's opinion piece in the June issue of DMagizine ("Big Tex Is a Murderer," page 14) reporting that two zip codes just south of the park are two of the 25 most violent neighborhoods in the U. S. (75210 and 75215 rank 9 and 12 respectively).  Kennedy blames the violence in large part on the fact that the park includes 47 acres of surface parking, noting that "Crime follows disinvestment."

Kennedy wonders what would happen if the parking lots gave way to redevelopment and new investment.  I like the way he is thinking.  However, I don't think he goes far enough. 

The entire park needs comprehensive redevelopment.  One  possibility would be a public-private partnership, possibly backed by an aggressive bond issue and including private investors, land planners and community development organizations.  I know the Dallas 2020 Olympic Committee focused its attention on Fair Park as a potential, wonderful site for an Olympic Village had Dallas landed a bid for the games.  Plans included thousands of apartments that could be leased/sold after the competition concluded. 

Selling off some or all of the park should be considered with built in obligations to develop a truly diverse community in and around the park.  The value of adjacent homeowners' properties  would have to be protected as an upfront part of any deal. 

Can you imagine the vitality of a mixed use, mixed income development at such a scale?  The redevelopment, reinvestment coupled with DART's Green Line at the doorway of the park would draw Fair Park back into the entire community.  Businesses, performing venues, an entertainment corridor, apartments for lease, condos for sale, a healthy connection to the nearby schools--the deal, done properly and adequately capitalized, would set off real transformation of South Dallas.  The return on investment to the city and to the entire region would be phenomenal. 

Wonder what would happen if a group of accomplished folks got together and worked on this?  It's way past time to take some creative action on this largely untapped jewel of our city.

Friday, May 21, 2010

Poor folks Downtown, continued

As promised a couple of days ago, here's an essay by Dallas Observer columnist, Jim Schutze worthy of your consideration.  I'd love to hear from anyone who is better informed on this than I.  Anyone with a differnt understanding would be welcome to argue with the essay.   

City Hall's Desire For A Fancy Downtown (Without Too Many Poor People) Costs Developers $30 Million
By Jim Schutze Thursday, May 6 2010

Don Hill, the Dallas City Council member recently sent to federal prison for 18 years for bribery and corruption, didn't use a baseball bat on people.

He was a lawyer. He used parliamentary procedure.

The table, I call it. Hill knew developers always have a clock ticking—money sifting away like sand in an hourglass—so he tabled their issues at council, and re-tabled, and re-tabled until he got his way.

Hill got sent away. The table is still with us.

Take the curious case of Curtis Lockey, Craig MacKenzie and the LTV Tower 1600 Pacific Avenue building. Lockey and MacKenzie, who have long, serious résumés as commercial developers, tried to do a redevelopment deal that would conform to federal law.

But the people running downtown Dallas don't want developers to comply with federal law. Federal law requires a lot of low-income housing. Dallas wants fancier things downtown.

So Lockey and Mackenzie got tabled. They tell me the table cost them $30 million. Cash. Dead presidents.

To keep reading click here.