Saks Global sought $126 million in taxpayer money to renovate and keep Neiman Marcus open in downtown Dallas. Newly released public records detail a $195 million proposal that would have reshaped the flagship store, which has since permanently closed. The plan would have moved the Zodiac restaurant to the ground floor and concentrated shopping on the first two floors. The top seven floors would have become offices and an incubator for fashion designers and fabricators, showcasing their work downstairs. The company, now called Exemplar Luxury Group, submitted its tax incentive proposal in October 2025. It also sought $24 million in historic tax credits. Saks said the project was not “financially viable without the requested incentive.” How Dallas responded to the request remains unclear. City and company officials did not immediately explain why the deal failed to materialize. Saks Global filed for bankruptcy in January, and the downtown store closed on Sept. 30 after more than 100 years at the site.
