Talk to us


Legal Drama


Dec 22nd, 2023

Share this article


To leave comments you must Register first

The State of Texas wants to take over a 5,000-acre park purchased with EB-5 money

A battle has emerged between state officials and Dallas-based developer Todd Interests over the future of the former Fairfield Lake State Park. The state aims to preserve the 5,000-acre property. The developer continues construction while the state pursues eminent domain to acquire the land. The developer bought the property for $103 million, using a $92 million loan from EB-5 regional center CMB. This development could eliminate the job creation opportunities for EB-5 investors. In order to seize the property, the state must determine fair market value, and it is clashing with the developer over that number.

The Dallas Morning News story (subscription required)

Make an informed investment with registered broker-dealer supervision.

Stay informed about EB-5 news.