Eclectic commentary from a progressive voice in the red state

Wednesday, March 25, 2015

Developer files bankruptcy

David Wallace, one partner in the now-defunct mater developer for the city of Amarillo, has filed for personal bankruptcy. This information comes via the Joplin Globe's Sarah Okeson in a story posted to that newspaper's website 30 minutes ago. The Turner Report, a Joplin-based blog also reported on the filing.

The bankruptcy filing comes not far behind a posting in the  that revealed that the only successful project Wallace completed was an $84,000 swimming pool in his back yard.

Readers of The Amarillo Independent will recall the extensive reporting on these developers when Les Simpson, the publisher of the Amarillo Globe-News, was president of the Downtown Amarillo Inc. board. He and DAI Executive Director Melissa Dailey came to the then City Commission in November 2010 pushing hard for a quick decision to embrace the now disgraced development firm.