Texas City Sued Over Failed $250M Entertainment Project

Law360, New York (August 7, 2012, 7:31 PM EDT) -- A developer sued the City of Irving, Texas, in state court Tuesday over not extending its contract for a stalled, $250 million public-private entertainment project, claiming city officials have not worked in good faith to get the development off the ground.

Las Colinas Group LP claims it has suffered damages of more than $139 million from having the city allow a development agreement to expire on Monday, and that officials breached the 2009 contract by not working with it to solve several financing issues plaguing the...
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