Texas has been operating a state park on land leased for free for 50 years. The owner made a deal to sell the land to a luxury home developer. The 5,000-acre parcel of land was purchased for $110.5 million by Todd developers. After months of stalled legislative efforts and failed negotiations to secure the park, the state opted to seize the land from Todd Interests, a Dallas-based developer, who purchased the property in February for $110.5 million. Commissioners were not eager to use the power of eminent domain to condemn… read more
June 13, 2023