Is the Dallas Police and Fire Pension System Overinvested in Real Estate? There are so many questions raised by this lengthy report on how the pension fund that owns Museum Tower ended up managing the luxury proprieties it propped-up with large cash infusions after the real estate bubble burst. For example: What are the properties really worth now? Should the pension fund be managing Hawaiian estates and Napa Valley resorts? Is fund administrator Richard Tettamant having too much fun hobnobbing on the taxpayer’s dime? If speculative land plays don’t pan out, is it really accurate to report them as investments in “natural resources?” Is Tettamant cutting sweetheart deals for developer buddies? Are his efforts to beat market returns putting the future of the our city’s finest – not to mention the pocketbooks of Dallas taxpayers – at considerable risk? Lots of questions. But here’s the one I want to ask: did the fund really need to pay to move a piano from Hawaii to the lobby of Museum Tower? I mean, they sell pianos in Dallas, right? Really nice ones, I bet.
As American Swallows U.S. Airways, Airline Field Thins: There was a time when airports were packed with brands like Pan Am, TWA, Eastern, Braniff — all of which have gone the way of the Concorde. Now the “extraordinarily complex” merger between American and U.S. Air leaves just four major carriers: American, United, Delta and Southwest.
Tim Tebow to Speak at First Baptist: The announcement that the incredibly meh quarterback will speak at Robert Jeffress’ First Baptist Church raises all the expected questions about whether or not Tebow endorses statements Jeffress has made in the past about homosexuality, Mormonism, Islam, and on and on. And I suppose those are pertinent questions to ask, even if I wish the only question surrounding anything regarding Tim Tebow was “who cares?”