City to Get into Real Estate Biz?

After years of making promises to southern Dallas that turned into threats, the city has apparently decided to put its money where its mouth is. According to this story from the Dallas Business Journal, the city is considering using money from the upcoming bond election to buy property in the area that would be used for commercial development--a first, and a genuine sign that the city's going to do something about developing an area left languishing after such debacles as the South Dallas/Fair Park Trust Fund and other govenment-funded endeavors proved to be money pits. But first, there's gonna be a lawsuit. D'oh. --Robert Wilonsky

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