City officials have negotiated a $3 million deal to buy more than 300 acres of woodland on Mount Kessler next to a planned regional park.
At A Glance
The SouthPass project was part of a public-private partnership brokered by former Mayor Dan Coody in 2004.
SouthPass developers John Nock, Richard Alexander, Hank Broyles and Steve Aust agreed to donate 200 acres to the city for a regional park and give $1 million in exchange for the city annexing the property, resolving environmental issues associated with a former landfill and sharing in the cost of extending utilities to the development.
City Council members approved plans for 750 houses, 2,900 apartments, 630 condominiums and 360,000-square-feet of commercial space in 2008. Development never occurred, and Chambers Bank acquired the property in lieu of foreclosure in 2010.
Source: Staff Report
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