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Resource ID: #17353
Subject: Business
Source: New Times (Chicago)
Date: 2022-10-12



"The story examined several factors- political pressures, mismanagement, wrongdoing, and a lack of government oversight- behind the poor performance of a private company, Redbird Development Corp., that managed facilities at a city-owned general aviation airport in Dallas. It found that racial politics played a role in the award of a major city contract to a company run by a man who at the time was in personal bankruptcy. It showed how lower-level city officials documented years of poor performance by the company, reports that were ignored at upper levels of city government. It also probed allegations of corruption and the company's tangled corporate history, and proved that a man with a history of bank embezzlement and fraud owned at least a minority stake in the business and had tremendous influence over its affairs. It suggested- but could not prove beyond question- that he was the majority owner."

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