· Origin
City Council approves the AEDC's $3,517,405 land purchase at South Georgia Street and Loop 335
On June 10, 2019 the AEDC board voted unanimously to buy about 190 acres of undeveloped land in Randall County with BNSF rail access next to Loop 335. The next day the City Council voted 4-0 to authorize the AEDC to execute the documents for the purchase of land at South Georgia Street and Loop 335 for $3,517,405 plus closing and inspection costs. AEDC President and CEO Kevin Carter presented the item.[1][2]
Kevin CarterFreda PowellElaine HaysEddy SauerHoward SmithJared MillerAmarillo Economic Development Corporation (AEDC)
What the sources say
- ✓ Verified
On June 11, 2019 the City Council voted 4-0 (Mayor Pro Tem Freda Powell and Councilmembers Hays, Sauer and Smith) to authorize the AEDC to execute all documents for the purchase of land at South Georgia Street and Loop 335 for $3,517,405 plus closing costs and inspection-related expenses. Kevin Carter said the AEDC had approved it the previous day and that the property was rail-served and close to Loop 335 and I-40. [1]
- Purchase price
- $3,517,405
- ✓ Verified
KFDA reported that AEDC directors voted unanimously on June 10, 2019 to spend $3.5 million on about 190 acres of undeveloped land east of the City View housing district in Randall County, with BNSF rail access and Loop 335 frontage, and that an AEDC vice president described it as a 'plan b' for when the CenterPort Business Park in east Amarillo is fully developed. [2]
- Approx price
- $3,500,000
- Approx acres
- 190