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FORT WORTH(CBS11 I-TEAM) – Millions of your tax dollars were spent fixing roads in southwest Fort Worth to help generate big business. But so far all it has generated is frustration.

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Homeowners say they were promised movie theaters, shops and restaurants. The area even has a name, Chisolm Trail Ranch. But so far, nothing has been built there.

Jerome Pearson showed us his backyard. It actually opens up to a view of Chisolm Trail Ranch. He and his neighbors call this their Fort Worth field of dreams. Yes, just like the movie.

“If you build it they will come,” Pearson quoted.

The City expected big things when the Chisolm Trail Parkway opened last year; which is why they agreed to improve the part of Fort Worth that surrounds Chisolm Trail Ranch. The project cost tax payers more than $6,000,000.

Pearson doesn’t believe the risk has paid off yet.

“We were given the hopes that we would have movie theaters, a shopping center and some other big retailers coming in here,” he said. “Right now, it’s not much of anything.”

Fort Worth teamed up with a Dallas developer, Legacy Capital, to fix McPherson and Summer Creek Drive. There are new water and sewer lines, new sidewalks, new landscaping, and even new benches. In fact, there are 18 benches scattered all over this area at a cost of $2,000 a piece.

“Wow. That’s a high tab,” Pearson noted.

But it’s not like people in Fort Worth aren’t willing to spend money on a picture-perfect view, like in the Stockyards, down in Sundance Square, or on the Trinity River.

Most we spoke with say, they just want to know their money is being spent wisely.

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“By 2015 I think there was an expectation that there would be more development going on here now. There isn’t,” Investigative Reporter Mireya Villarreal stated while speaking with Councilman Jungus Jordan.

“Well, you’re going to see a lot of dirt moving,” Jordan told us. “We want to make sure we do it right the first time. You only get one chance when you start moving dirt to have, what we call, quality development.”

Councilman Jordan represents this part of Fort Worth and says there are new businesses setting up shop north of this area. But so far no one has signed up to take advantage of the McPherson and Summer Creek improvements.

“We know the growth is coming here and we want to make sure it’s just in time and the investment for the future is here,” he added.

We also spoke with Peter Aberg, a partner with Legacy Capital, the developer in charge of this project. He tells us the delay in opening the Chisolm Trail Parkway, the toll road that runs nearby these open fields, is what caused the delay.

“The community needs to show some patience because the Chisolm Trail Parkway just opened,” says Aberg.

Aberg says despite what the company’s brochure says, that retail developments would be under construction in 2014, he doesn’t expect to see anything out at Chisolm Trail Ranch until late 2016 or even 2017.

“The neighborhood needs to develop and needs to create density. And that will happen over the next 2-3 years,” Aberg estimated. “And then the retail development will follow.”

So when you drive out to Chisolm Trail Ranch off McPherson and Summer Creek Drive, you’ll have a place to sit. It’s a $6,000,000 view with nothing obstructing it, for now.

The developer says they are in confidential negotiations with some retailers for this space, but didn’t expect to announce who they were or when they’d start construction till the end of the year.

Homeowners say that’s the same thing they’ve heard for nearly two years.

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