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Jan 19, 2022 · Precursor

AEDC board approves buying 1,329.53 acres at Highway 60 and Parsley Road for about $6.6 million

The board voted 3-0 to buy 1,329.53 acres at Highway 60 and Parsley Road at an estimated $5,000 an acre, $6,647,650 plus closing costs, contingent on an appraisal of $5,000 an acre or more. On February 22, 2022 staff said closing was expected soon. In May 2022 the board approved conveying land in the same area to CVMR ("400+ acres, north of Hwy 60 and west of Parsley Road").^[1]^[2]^[3]

Kevin Carter Laura Street Amarillo Economic Development Corporation (AEDC)

Downtown & development

What the sources say

✓ Verified
Chairman Bentley moved to approve the purchase 'contingent on the appraisal value being at $5,000/acre or greater'; Director Meander seconded and it passed 3-0. The minutes record that Vice-Chairman Hall and Director Brown attended by Zoom and could only observe. The minutes do not name the seller or say what the land was for.^[1]
Acres
1,329.53
Price
$6,647,650

Related events

AEDC board approves Producer Owned Beef and CVMR packages; EDA grant approved with a $720,000 AEDC match May 16, 2022

Sources

1.Board of Directors minutes, January 19, 2022 — Amarillo Economic Development Corporation (via City of Amarillo CivicClerk), Jan 19, 2022 · retrieved Oct 10, 2026primarySubject-authoredStates: "SCOTT BENTLEY CHAIRMAN / ANDREW HALL VICE-CHAIR/SECRETARY / LAURA STREET DIRECTOR / LLOYD BROWN DIRECTOR / ADRIAN MEANDER DIRECTOR"
2.Amarillo Economic Development Corporation Board of Directors minutes, February 22, 2022 — Amarillo Economic Development Corporation (via City of Amarillo CivicClerk), Mar 22, 2022 · retrieved Oct 22, 2026primarySubject-authoredScanned minutes (OCR); figures checked against the page images. 'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.
3.Amarillo Economic Development Corporation Board of Directors minutes, May 16, 2022 — Amarillo Economic Development Corporation (via City of Amarillo CivicClerk), Jun 20, 2022 · retrieved Oct 22, 2026primarySubject-authoredScanned minutes (OCR); figures checked against the page images. 'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.