Cuban development plan proceeding for south Dallas
DALLAS (AP) - The Dallas City Council has agreed to expand a tax
subsidy district as Mavericks owner Mark Cuban seeks to develop a
former dumping ground.
Mayor Tom Leppert says the proposal from the owner of the NBA
team represents a shift for the area with "investors who are
recognizable" making big moves in south Dallas.
The Dallas Morning News reported Thursday that Cuban seeks to
develop 176 acres. The proposal includes plans for about 2,600
residential units, plus retail and offices.
Cuban financial adviser Charlie McKinney says the Mavs owner is
a "philanthropic guy" and the idea of a development in south
Dallas makes sense.
The billionaire Mavericks owner did not immediately respond
Thursday to an e-mail from The Associated Press for comment.