Once the Open Lord of Waterdeep, Dagult Neverember declared himself Lord Protector of Neverwinter and set about restoring the city through force, wealth, and propaganda. He poured resources into reconstruction, built the Enclave of the Gauntlet within the city walls, and fostered economic growth through trade pacts and mercenary stabilization.
But it was not love that won Neverember his city—it was control. His rule was never officially ratified, and many view him as a self-styled regent, buoyed by coin rather than legitimacy. Still, for a time, he restored Neverwinter’s prestige—at a cost.
Following his humiliating expulsion from Waterdeep during the Council of Waterdeep (see: Tyranny of Dragons), he returned to Neverwinter embittered and paranoid. It is widely believed he began embezzling funds intended for war efforts, a claim supported by the missing 500,000 dragons hidden beneath Waterdeep—an act which sparked The Grand Game five years later.