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DALTX Real Estate > Uncategorized > Why Care About Fair Park: Because Dallas North of the Trinity Foots Most of the Bills
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Why Care About Fair Park: Because Dallas North of the Trinity Foots Most of the Bills

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NOTE NEW VENUE: KING OF GLORY LUTHERAN CHURCH, 6411 LBJ FREEWAY, NORTH SIDE ACCESS ROAD, WEST OF HILLCREST, EAST OF PRESTON ROAD

My husband often asks me about news from City Hall, how tax dollars are spent, things like that, because I am supposed to be the one “in the know”. He sticks to the grindstone of his daily (and nightly) professional life. He doesn’t have time to watch or read much more than headlines. So when he grilled me about the Fair Park plan that Mayor Rawlings has endorsed, I realized I didn’t have many answers for him.

Question: How much will this Park plan cost the city?

Answer: $21 million plus another $75 million in bond funds plus another $50m in bonds in 2020/2022

Question: What do we get for that?

Answer: That’s the management fee. They are going to re-vamp the existing buildings.

Question: Does the city make any money off the State Fair?

Answer: Doubtful. The State Fair contract (which lasts until 2024) would be assigned to the Foundation.  Any rental revenues would go to the Foundation.

Question: Can we fire the management of this new entity if they screw up?

Answer: There is a “Remediation Plan” if the Foundation doesn’t meet their TBD performance measurements.  BUT the plan doesn’t say firing, it says they’ll implement a plan to fix.  Hiring and firing resides with the Foundation. They kinda have a lot of power.

Question: Are they going to try to use Fair Park year round?

Answer: They say they’re looking to create a year-round venue. The Fair stays where it is.

Question: Are we getting a park?

Answer: No guarantee. They definitely have to PLAN for a park, but if they don’t feel they have enough money, they don’t have to build it.

Question: Then what are they using the money for?

Answer: “Expanding Fair Park staff and operations and maintenance; funding and creating new departments, including communication and donor relations; and funding new projects.”

“The Foundation hereby commits to fully and completely support Fair Park as a public park, maintaining and managing the events, historic grounds and facilities, and grounds of Fair Park as a vibrant, year-round location for events, daily activities, cultural enrichment, and place for quiet enjoyment.

(See why I am so glad we are having a Panel Discussion tomorrow evening?)

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