MLB

Ex-Rangers owner Hicks settles over failed project

Share This Story

   
 

DALLAS (AP)

Former Texas Rangers owner Tom Hicks has settled a pair of lawsuits related to a failed multimillion-dollar development project near Rangers Ballpark in Arlington

The lawsuits were brought by companies involved in the plans for a 75-acre shopping and restaurant district dubbed GloryPark Town Center. It was envisioned as a destination for visitors to Rangers Ballpark in Arlington and neighboring Cowboys Stadium, as well as a draw outside of games.

After several years of work, Hicks had to place the project on hold in 2008 due to problems with financing.

The two lawsuits sought more than $21 million in restitution for already completed work as well as damages. The lawsuits accused Hicks of not being clear about financing problems while work was being done and not following through with a commitment to transfer land for the project, land now used as parking lots for Rangers games.

Hicks once also owned the NHL's Dallas Stars and the Liverpool soccer team of the English Premier League. Financial problems eventually forced the Dallas developer to sell all three teams.

His attorney, Lewis LeClair, confirmed the GloryPark settlements Wednesday but declined to comment on details.

''Tom Hicks is trying to move on from the Texas Rangers and get things cleaned up,'' LeClair said. ''And he's satisfied with the settlement.''

One lawsuit, brought by the architecture firm RTKL Associates and construction company VCC, was dismissed Sept. 4 following a settlement, according to online court records. RTKL and VCC said they worked on the rezoning necessary for the city of Arlington to approve GloryPark as well as two parking garages for the development.

The other lawsuit, brought by developer Steiner & Associates, was settled earlier this month, an attorney for Steiner said. That lawsuit sought more than $14 million in restitution for work that wasn't reimbursed.

Both settlements were first reported by the Fort Worth Star-Telegram.

Darrell Adkerson, one of the attorneys involved, also declined to discuss details of the settlements.

Under Hicks' ownership, the Rangers filed for bankruptcy two years ago and have since been sold to a group that includes team president Nolan Ryan.

Tagged: Rangers

Related Stories

Member Comments

Please note by clicking on "Post comment" you acknowledge that you have read the Terms of Use and the comment you are posting is in compliance with such terms. Be Polite. Inappropriate posts may be removed by the moderator.

powered by



MLB Videos

Bautista talks Derek Jeter's final All-Star Game Posted: Jul 16, 2014
Jose Bautista discusses Derek Jeter's career and his final appearance in the MLB...

Jeter honored to play in last All-Star Game Posted: Jul 16, 2014
Derek Jeter compares his first All-Star Game experience with his last, Mike Trou...

Matheny defends Wainwright: He's out there to compete Posted: Jul 16, 2014
Mike Matheny comments on the media's reaction to Adam Wainwright's joke about le...

SimLeague Baseball - Simulation Baseball Game

More Than Sports on MSN

Fox Sports Store

    itemName itemURL imageSrc price itemDescription
    Nike New York Yankees Practice T-Shirt - Ash http://shop.foxsports.com/FOX_New_York_Yankees/browse/featuredproduct/606363/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_606000/ff_606363_xl.jpg&w=100 27.95 Nike New York Yankees Practice T-Shirt - Ash
    Majestic Detroit Tigers 2012 MLB American League Champions Clubhouse Locker Room T-Shirt - Navy Blue http://shop.foxsports.com/FOX_Detroit_Tigers/browse/featuredproduct/1064043/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1064000/ff_1064043_xl.jpg&w=100 24.95 Majestic Detroit Tigers 2012 MLB American League Champions Clubhouse Locker Room..
    Majestic San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker Room T-Shirt - Gray http://shop.foxsports.com/FOX_San_Francisco_Giants/browse/featuredproduct/1067359/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1067000/ff_1067359_xl.jpg&w=100 24.95 Majestic San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker R..
    Majestic San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker Room Pullover Hoodie - Steel http://shop.foxsports.com/FOX_San_Francisco_Giants/browse/featuredproduct/1067382/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1067000/ff_1067382_xl.jpg&w=100 54.95 Majestic San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker R..
    New Era San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker Room 39THIRTY Flex Hat - Charcoal/Black http://shop.foxsports.com/FOX_San_Francisco_Giants/browse/featuredproduct/1067785/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1067000/ff_1067785_xl.jpg&w=100 31.95 New Era San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker Ro..
    Majestic San Francisco Giants 2012 MLB World Series Champions Glory T-Shirt - Black http://shop.foxsports.com/FOX_San_Francisco_Giants/browse/featuredproduct/1068294/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1068000/ff_1068294_xl.jpg&w=100 21.95 Majestic San Francisco Giants 2012 MLB World Series Champions Glory T-Shirt - Bl..
    Majestic San Francisco Giants 2012 MLB World Series Champions Batting Practice Performance Jersey - Black/Orange http://shop.foxsports.com/FOX_San_Francisco_Giants/browse/featuredproduct/1068787/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1068000/ff_1068787_xl.jpg&w=100 94.95 Majestic San Francisco Giants 2012 MLB World Series Champions Batting Practice P..