On Thursday, the president of the Oak View Group told the Dallas Park and Recreation Board that if it received a bailout from the city it could make good on its payments within a year.
The for-profit operator of the non-profit that manages Dallas ' Fair Park was in the hot seat for the second day in a row.The operator, the Oak View Group, said it would turn Fair Park into a year-round destination. Now, it owes vendors $6 million and is in need of an $8 million city bailout.Many of the vendors who are owed money are small businesses who desperately need to receive their payments from Oak View Group.
"We will try to expedite those businesses. We just have to manage cash to make sure we stay solvent to do that. We will do that," replied Greg O'Dell, the president of Venue Management, Oak View Group.Agarwal had a contentious back-and-forth with O'Dell about why $5.7 million in donations was allegedly misallocated. "It wasn't our role in many respects," argued O'Dell.
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