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Dallas police and fire pension officials traveled to upscale Napa wine country 45 times and lost $46 million

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Dallas police and fire pension officials traveled to the Napa area 45 times to oversee a speculative real estate venture that lost $46 million.

See my story in today’s paper for more on this. The Napa loss is part of nearly $200 million the fund lost to a succession of risky real estate ventures in recent years.

I’ve gotten a couple of calls and … [visit site to read more]


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