Home > Our Issues > Delbert McDougal

Delbert McDougal, the subject of the article below, has been hired by our Mayor and Council under an agreement similar to Irving's, to develop the DART Station area.  Farmer Branch's contract with McDougal stated that he would purchase land from the City and break ground on a 200 unit apartment complex by January 1, 2010.   To date he has done neither; the City hasn't forced the issue by terminating the land purchase contract but may be forced to find another development company.  Read the articles below to find out more about the McDougal family's businesses.

Irving City Council approves $500,000 in loans to cover Heritage District developer's interest payments

By BRANDON FORMBY / The Dallas Morning News   09:22 AM CST on Friday, March 5, 2010


The Irving City Council voted Thursday to provide up to $500,000 in loans meant to ensure the interest payments on a developer's city-backed $24 million loan are made.

If Delbert McDougal defaults on the loan, Comerica can force Irving into its own $27 million short-term loan to cover the Lubbock developer's credit line.  More at

http://www.dallasnews.com/sharedcontent/dws/news/city/irving/stories/DN-irvcouncil_05met.State.Edition1.edc6c9.html

 

Subcontractors on old hotel renovation file liens to recoup unpaid

By Walt Nett | Lubbock Avalanche-Journal  March 4, 2010

http://www.lubbockonline.com/stories/030410/loc_570515188.shtml



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