Given the last two wild weeks, lots of scuttlebutt around town suggesting that big-time projects downtown may never happen. Can’t name names, because it’s all off the record, but don’t be surprised if you hear confirmation that the long-anticipated luxury-market developer shakeout starts happening soon, as in now. Developing.

TEST
It’s happening now - Perot won’t continue to finance Victory Park. The Tower cranes are coming down at Victory-Mandarin Oriental. This pull-back may signal the end of the unfinished Victory Park vision. You can’t stop mid-stream, you’ll drown. I think it’s failed because they didn’t deliver the “6,000 new residents” promised in their original plans. Retailers have NO customers and some are planning on closing.
It looks bad. Real bad. Maybe Perot should sell to a developer willing to finish what he started.