The city of Dallas is raking in nearly $50,000 in revenue annually by subleasing an underground tunnel for public use. The only issue? It’s paying more than $50...
The city of Dallas is raking in nearly $50,000 in revenue annually by subleasing an underground tunnel for public use. The only issue? It’s paying more than $500,000 to rent and maintain the property.
The property in question, the Thanks-Giving Square tunnel at 1627 Pacific Ave., is connected to a miles-long network of pedestrian tunnels underneath downtown Dallas and is part of a 75-year leasing agreement signed in 1972.Assistant City Manager Donzell Gipson said the contract had language that increases the lease amount with the consumer price index every three years.
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