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DALLAS CITY LIMITS ENTERTAINMENT COMPLEX OFF THE TABLE
by Trey Garrison
Wed, Feb 15, 2006, 01:43 PM
There will be no "Dallas City Limits" entertainment development, it appears.
Backers of the proposed $250 million, 400,000-square-foot entertainment complex near the downtown Dallas Convention Center were given two weeks to answer a list of questions on the financials and details of the deal they proposed with the city, and they couldn't get it together.
After a three hour executive session two weeks ago, Dallas City Limits partners Bill Beuck (the developer of the 900-acre Pinnacle Park), Billy Bob Barnett (of Billy Bob's Texas fame) and Spencer Taylor (who was instrumental in bringing Gilley’s to Dallas) were asked to show the council and ciuty staff their financials and other details, including guarantees on their own funding for the project, for which they were asking the city to kick in $20 million in infrastructure.
Despite the backing of some members of the council, Mayor Laura Miller took a hard line, saying she wasn't going to put up $20 million in tax money if the developers didn't have their own bank account for the project in order.