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Farmers Branch to spend $2.14M to reopen Medical Parkway; mayor outlines $40M landfill-closure reserve and phased fee increases
Summary
Mayor Dodd said the city authorized $2,139,000 to complete drainage and reopen Medical Parkway after a developer bankruptcy and explained a multi-step monthly closure-fee plan to build an estimated $40 million landfill reserve.
Mayor Dodd told residents the city had spent $2,139,000 of tax dollars to complete drainage and reopen Medical Parkway after the developer on a nearby senior housing project declared bankruptcy.
The mayor said MarketSpace Capital (a Houston company) purchased the property from Prime Healthcare and later entered a legal dispute with Prime Healthcare; the city said MarketSpace Capital has roughly $18 million invested in the property as it stands. Because…
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