Essentially, the press conference announced that the City of Rowlett had just that day filed a lawsuit against the land owners of Bayside. I was pleased. I would have done it sometime earlier.
I have read the lawsuit......all 26 pages. There is a lot of information in it. Below is a link. You can also find it on numerous sites on Facebook.
The lawsuit is easy to read. The city has a good case. However, there will be an answer. There always is. The landowner's story will differ from the city's story. That's to be expected. However, if the city's documentation proves up their allegations, Bayside land owners have an uphill battle ahead of them.
The city is suing for the return of the land south of I-30 to the city's ownership. I am 100% for that. I have been sufficiently convinced that the current owners are incompetent. That does not mean the city's "officialdom" are better developers. However, Dallas and Texas is blessed with some of the best real estate developers in the world. Anyone with the capabilities of Trammell Crow or a Lincoln Properties can be very capable with our own little Bayside. The city can enter into an agreement whereby the developer can provide the needed expertise. I suggested this very action in an article I wrote for the Dallas Morning News in 2007. I wrote two articles in 2007 and one in 2008 dealing with the exact same issue.
I still have some questions. Most deal with the city's obligation and/or guarantees toward the retirement of $36.5 million in bond debt. I have been told the city is not at risk. I am not convinced of that.