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Victory Park Hits Turbulence

Published Monday, June 01, 2009

Once touted as a landmark case study in urban regeneration, the financially troubled Victory Park mixed-use project in Dallas is in the final stages of reverting back to its German-based institutional backers. Hillwood, a Fort Worth-based development firm run by Ross Perot Jr., is negotiating to cede control of the developed portions of the project to US Treuhand, an organizer of German closed-end funds based in Hamburg. Located just north of downtown, in 2008 Victory Park celebrated the 10th anniversary of its formal approval by the City of Dallas. Over the next 10 years, the project was set ...

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