Fully one third of the Las Colinas acreage was used for recreational and educational facilities. In its first decade of existence Las Colinas had developed steadily, and within the next two years it became one of the most prominent areas in the country for businesses and corporations to base operations. When the Dallas real estate market collapsed in , however, the parent company of the Las Colinas Corporation, Southland Financial Corporation, was operating with a tremendous debt and land sales in Las Colinas were at an all-time low.
The community's development stalled, and the Las Colinas development company was close to bankruptcy or foreclosures by its numerous creditors. In the next few years, Southland was forced to restructure its debt with the aid of several financial partnerships. After these settlements, Southland was still unable to service its debt and was forced to sell the remainder of its holdings to a new partnership in By Las Colinas had renewed its development and had some companies in its business community, including fifty Fortune companies.
In Las Colinas had a population of about 19,, of which only 30 to 40 percent worked in Las Colinas. By that time Las Colinas residents were living in six single-home or apartment communities.
In the community also had stores, forty restaurants, twelve banks, four hotels, and three country clubs. In water taxis no longer operated on the lake and canals, but the community was served by a gondola style cruise service. Mike E. The special message is rolled and tied with a ribbon and sealed in a clear cork glass wine bottle. A gondola ride in Texas is definitely a bucket list adventure to add to your list, especially if you are trying to create a romantic date night or planning a special proposal.
Lake Caroyln has depths varying between 12 feet. Paddleboards are rented by the board not the person for 1 or 2 hours. This is a great option for families if you want to switch out paddlers. There are even kid boards available to rent. Various restaurants face the canals and offer patio seating, a perfect spot for late-night gatherings, wedding receptions and special occasions.
Its central location positions it as one of the most convenient areas to reach from anywhere in North Texas. And its proximity to two major airport hubs , immediately adjacent to DFW International Airport and only ten minutes from Love Field, makes it easily accessible from both coasts.
Explore all the great things to do below to plan your trip today. More in this Section: Events. More in this Section: Hotels. More in this Section: Things to Do. More in this Section: Restaurants. We also recommend our ultimate moving checklist for staying organized and on track. Happy trails! Credit: Google. Credit: Kimberly Macye. Credit: Las Colinas via Facebook. Credit: Cottonbro via Pexels. Share Email. Tweet Email. Pin Email. Share Article Share Email. Latest Posts.
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