Mark Cuban: Good at Owning Basketball Teams, Terrible at Real Estate
Dallas -- nay, America -- has many good reasons to love Mark Cuban. He turned the Mavericks into NBA champions. He's the most accessible billionaire in the universe. He yells at terrible refs on our behalf and feuds with the Perots. He was a disruptor before disrupting was cool. But for all of Cuban's endearing qualities, let's be honest about something: He's really terrible at real estate.
The sample size here is small, just the office complex he wants to build at Preston Road and Northwest Highway and Wonderview, the gigantic mixed-use development he was going to build on a landfill next to Cedar Crest Golf Course.
Wonderview was announced in 2010 to great fanfare and rosy predictions that it would save southern Dallas. It would be massive, 176 acres of shops, apartments, townhouses, sports fields, parks, the Mavs' headquarters and so on costing up to $1 billion Construction was imminent.
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