Auditors are looking closely at $17 million in private donor funds nonprofit directly raised
Fair Park First, the nonprofit overseer of the 277-acre South Dallas site, has hit pause on fundraising, at least until some questions are answered, according to board chair Veletta Forsythe Lill.in April to assess whether the park’s operator, Oak View Group, mismanaged donor funds. The results are expected in August. While they wait, Lill and other board members have been in touch with donors, keeping them apprised of project progress and the audit.area.
Planners, architects and engineers were paid. Money was also used for signage or web designers. Did all of those expenses match donor conditions? Was some of it suited to be an operational expense? Lill said that’s what Fair Park First hopes the audit will reveal.OVG360, the hospitality division of Oak View Group operating the site, has denied any wrongdoing.
Direct federal or state funding from entities such as the Texas Historical Commission are also at play. Fair Park First estimates it used $300,000 from grants to upgrade the HVAC systems in Fair Park buildings and build a website for the new cultural district. Elissa Izmailyan, the foundation’s chief strategy and operations officer, said the organization was partnering with Fair Park First to plant 500 trees in the park. But the plan is not limited to Fair Park. The foundationThe grant will support the South Dallas Greening Initiative, which aims to plant thousands of trees in Fair Park, Mill City, Queen City, Wheatley Place and nearby neighborhoods.
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