Public Facility Corporations
The public facility corporation structure — a new kind of housing project — was introduced in Dallas last year, but it seems that few have a tight grasp on how it works and what the return on investment is. That’s due in part to the city’s resistance to marketing Public Facility Corporation projects and confusion…
Cypress Creek at Forest Lane, a mixed-income apartment complex proposed most recently as a Public Facility Corporation project, is going before the Dallas City Council on Wednesday, but the PFC funding mechanism won’t work, city officials say. The 189-unit project is being developed by Zach Krochtengel of Sycamore Strategies and was the subject of a…
Lackluster voter turnout culminated in few surprises as Dallas City Council election results rolled in Saturday night. All who led during early voting emerged victorious as the final results were posted shortly after midnight. Former City Plan commissioner and Public Facility Board president Zarin Gracey will face retired teacher and radio talk show host Joe Tave…
During the “silly season” of campaigning to keep their elected city council seats, Dallas officials are giving passionate speeches from the horseshoe about the causes they believe in. District 12 Councilwoman Cara Mendelsohn has already won — she’s running unopposed — but she’s doubling down during every agenda meeting about the Public Facility Corporation projects…
A controversial housing project inched forward Tuesday in a carefully-worded motion by the Dallas Public Facility Corp. Board of Directors. The Dallas PFC Board voted 8-3 to approve a non-binding memorandum of understanding with Sycamore Strategies “subject to indemnification by the [Dallas] City Council and research from corporate counsel that we will not take on…
