Trust Missing Still From South Dallas-Fair Park Opportunity Fund

Some things don’t change. Trust missing from South Dallas-Fair Park Opportunity Fund it seems.

As the Mayor and City Council debate today the Defund DPD or pay cuts to top level employees the economic development staff issued a Notice of Funding Availability that side stepped normal city procurement policy despite a long history of South Dallas-Fair Park Opportunity Fund being poor accountants of the public’s tax dollars.

Staff for the South Dallas-Fair Park Opportunity Fund also extended the deadline for applications. An anonymous city staff member noted the advisory board mostly applauded, but who and what is being funded is still up in the air. Previously the fund has mostly been a cash cow for certain connected individuals who use the fund as a low cost loan provider at taxpayer expense.

The advisory board has previously avoided a majore reform proposed by City Manager TC Broadnax – axing the ongoing social-services grants and focusing on loans.

It isn’t clear what actions the advisory board is taking to improve the outlook for the Fair Park area, but to date, it appears they are only providing acquiesence and not advice.

Trust Missing…Still and Forever?

Decades’ of city audits reveal the fund is broken and almost broke, after dispensing some $7 million of taxpayer money. The results? There is little to show for it except unpaid-loan lawsuits and just a handful of success stories fueled with forgivable loans.