The $1 Billion Texas Rodeo Project Torn Apart by a Family Feud

Why It Matters

The dispute puts a major downtown redevelopment and substantial public incentives at risk, highlighting how family succession battles at private developers can disrupt large-scale urban projects and unsettle investors and municipal partners.

Summary

A planned roughly $1.01 billion second phase of Fort Worth’s Stockyards redevelopment is stalled amid a bitter succession dispute at Majestic Realty. Craig Cavalier, the project’s longtime architect and former protege of Majestic chairman Ed Roski Jr., was fired in 2025, sued by and suing Majestic, and had his ownership stakes foreclosed after failing to repay $76 million in loans. The expansion — which would have added 300,000 sq ft of commercial space, 500 hotel rooms and nearly 300 multifamily units and relied on $380 million in city incentives and $630 million from Majestic — is on hold while litigation plays out. Majestic says it is evaluating its developments as the legal fight proceeds.

Original Description

A billion-dollar expansion of the Fort Worth Stockyards is on pause as a family succession battle erupts inside Majestic Realty.

Craig Cavileer — the executive who helped transform the Stockyards into a tourism powerhouse — is now suing, and being sued by, his former employer after chairman Ed Roski Jr. passed leadership to his daughter, Reon Roski.

The legal feud has cast uncertainty over Phase 2 of the redevelopment, a project expected to include hotels, apartments and major commercial space in one of Texas’ hottest destinations.

Will the Stockyards expansion survive this corporate rodeo?

Read more: https://therealdeal.com/magazine/may-2026/cattle-call/