Pension Appraisal Underway for Dallas Police, Firefighters

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    NEWSLETTERS

    All real estate and private equity assets of the Dallas police and firefighters pension system will get a new appraisal.

    One asset is the Museum Tower Condominiums, which have not sold well amid a glare dispute with the Nasher Sculpture Center next door.

    The new appraisal will settle claims the pension fund overvalued assets and has far less than the $3.7 billion in value it told members.

    Several Dallas city council members were recently appointed to serve on the pension board, including Councilman Scott Griggs.

    "They should be pleased by the accountability and transparency we're bringing to the board," said Griggs. "And we're finding out where we are and what these assets are worth."

    Taxpayers could be on the hook if assets are below pension obligations.

    The new asset appraisal will take about a month and the cost will be split between the city and the pension board.