Our investigation into The Preserve at PGA Frisco has offered up a treasure trove of information over the last year. We first talked about this back in February 2023 in our blog Fields West Dynasty where we discussed the historic future Fields development and the woven professional relationship conflicts. We began to unravel our opinion regarding the conflict of interest at play for Mayor Jeff Cheney vs Real Estate Mogul Jeff Cheney and his relationship with the Fehmi Fields development. Just the Fields Frisco website was cause for pause – why is there a letter from Mayor Jeff Cheney on it?

Then in our Field of Dreams blog, we talked about how Texas Scorecard had questioned the same thing we did years earlier. We also shared an email by John Baumgarten to then-Mayor Jeff Cheney asking how he could get on the “unofficial lot list” for The Preserve and that he would like to make a “donation” to a charity involved in the development. We also pointed out there was no response to Mr. Baumgarten supplied in our PIR but there was a continuing conversation between Cheney and then Chief of Staff Lori Medina (MedinaUSA) on where the donation could be made.

We continued our questions regarding The Preserve and PGA Frisco in our blog, The Silicon Valley of Golf followed by our blog Dark Money where we pointed out some very questionable campaign donations from all these developers involved in future Fields / PGA / The Link. Then we laid out in detail the conflict of interest friendships Mayor Cheney vs Realtor Jeff Cheney built in our blog Anatomy of a Friendship.

Then we release our Breaking News: The Preserve Lots VIP Program blog where we have a recording of a builder rep telling local Real Estate Agents that Jeff Cheney has a lot in The Preserve along with other important people in the project, kind of like a millionaire or billionaire row so to speak of lots and future homes. Go listen to the recording you won’t be disappointed. Then we published the proof in Land Lies of the developer plot map which shows the names Cheney and Keating under a “Developer Hold.”

Why are we reminding you about this? You have to go back to the beginning to understand how what we uncovered today is concerning. For years now local Realtors have been questioning the potential conflict between Cheney’s role as Mayor and as Realtor/Broker of the Cheney Group. Questions also surround his convoluted relationship with Fehmi Karahan and the sale of the lots in The Preserve. Multiple times, Cheney has publicly stated he is not the Realtor of record for lots in The Preserve. He joked in front of a room of real estate professionals, please don’t call me as I am not the agent for these lots. Realtors questioned though how a majority of the lots were already sold before going public to real estate professionals.

With everything he has said publicly were surprised to see 3 lots worth over $2+ million for sale in The Preserve at PGA Frisco on his website. A few months ago it said it was listed by one of his agents but now according to the multiple listing service (MLS) the REALTOR OF RECORD IS JEFF CHENEY OF THE CHENEY GROUP!

In closing, we initially were doing research into some rumors about a possible shake-up or break-up within the Monument umbrella. That led us to these lots for sale which sparked us to look through public records, talk to some builder reps as we “house hunted,” and what we learned from our Realtor neighbor. The lots in question had been sold or contracted by other agents for client’s they had. So why are they for sale now? We can only assume the original buyers probably changed their minds or backed out for some reason which happens all the time according to my neighbor. If they were contracted by other agents, then why are those agents not selling the lots? Why are the lots now listed with the Cheney Group? Why is Jeff Cheney listed as the Realtor/Broker of Record? With so many questions, you can see we are still looking into this so stay tuned for more of what we uncover.