The Irving City Council has voted against a massive entertainment complex that has been in the works for years.
The Irving Music Factory had been planned for the area near the Irving Convention Center off state Highway 114 and Lake Carolyn Parkway.
Ground was broken last year, but construction was stalled while a new contract was worked out between the developer, the bank and the city.
The city council voted 5-4 Thursday evening against those plans.
Activist Anthony Boyd said he is so angry he is getting a group together to file a lawsuit. He pointed to the fact that the residents voted for this project years ago.
"To be honest with you, last night what I felt more than anything else was disgust," said Boyd.
NBC 5 spoke with Mayor Beth Van Duyne on Firday. She said she too was one of the voters that wanted this project. But she said the city of Irving is not getting a return on a $100 million investment.
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"As it is currently written, we get absolutely zero financial return on that investment because it's city-owned property. We don't get any property taxes. We are rebating all taxes, parking fees, ticket tax. We are rebating everything to the developer, and the city gets zero," said Van Duyne.
The mayor said she hopes the deal isn't dead but hopes they move forward with the city getting an equitable position.
Noah Lazes, president of the ARK Group, the development company, released the following statement Friday afternoon to NBC 5: "We do not in any way think the deal is dead. There have been discussions with staff already today and we firmly believe a compromise will be worked out."
