The management company of Fair Park, Oak View Group, was under scrutiny at a recent meeting of the Dallas Park and Recreation Board. The company owes vendors $6 million, with many small businesses struggling as a result. President of the Board, Arun Agarwal, pressed OVG on the misallocation of $5.7 million in donations. The president of OVG, Greg O’Dell, defended the company stating their role was to operate Fair Park. Agarwal also questioned the amount of money OVG paid themselves during the contract, but O’Dell could not provide an answer.
The city is being asked to provide an $8 million bailout to OVG, with the promise that they can repay their debts within a year. Agarwal urged OVG to prioritize payments to small businesses to ensure their survival. The president of OVG assured that they will manage cash flow to expedite payments. Agarwal also raised concerns about $1.1 million in travel expenses and has requested a forensic audit to investigate further.
Overall, the meeting highlighted tensions between Fair Park management and the Board. Small businesses are suffering due to the delayed payments, and questions remain about the financial management of OVG. The fate of Fair Park and its vendors now rests in the hands of the city attorney, who will decide whether to proceed with a forensic audit. The situation remains fluid as stakeholders seek clarity and resolution.
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