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The EDC is considering buying 6.7 acres of land near Gruene Road to control future development. Residents are concerned about the cost and whether the city should be acting as a land speculator.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days, 3 the 60 before.
The proposed acquisition is for $4.6 million.
The community benefits from having more control over the type of development that occurs on the site.
Taxpayers bear the financial risk if the land does not generate the expected economic return.
We'll include it in your weekly brief whenever the council takes it up.
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