FAIRFIELD, Texas – A privately-owned property that contained a Texas state park will be developed into a golf course and a multimillion-dollar residence neighborhood, in accordance to a latest report from the Dallas Morning News.
Fairfield Lake State Park is a 1,460-acre park inside a 5,025-acre property in Freestone County.
The state first leased the park from Texas Utilities in 1971-1972 and opened it in 1976.
Texas-based power firm, Vistra, put your entire acreage in the marketplace a number of years in the past for $110.5 million and in accordance to the paper, it’s been bought by a developer. The listing presently reveals the land is underneath contract.
“After shuttering the power plant in 2018, Vistra placed a 5,000-acre tract — including the state park land — up for sale,” the Star-Telegram reported. “Officials with Texas Parks and Wildlife have repeatedly said that the state didn’t initially have enough money to purchase the full 5,000 acres, and Vistra was uninterested in selling just a piece of the land.”
Texas Parks and Wildlife obtained discover Monday that the 50-year-old lease will finish in June of this yr, chairman of the Texas Parks and Wildlife Commission Arch “Beaver” Aplin III informed the paper.
Aplin III informed the Fort Worth Star-Telegram that the developer, Dallas-based agency Todd Interests, indicated that there was no extra room for dialogue concerning the park land.
The property is a roughly 90-minute drive from Dallas.
Hortenstine Ranch Company companion/dealer Blake Hortenstine beforehand informed KSAT “a water asset of this magnitude is virtually impossible to find anywhere in the lower 48 states, and combined with the land development possibilities and amenities, is the only offering of its kind.”
Fairfield Lake, the biggest private lake in Texas, can be a part of the property. The lake is estimated to cowl 2,400 acres with 21 miles of shoreline and is assumed to be roughly 50 toes deep.
An array of wildlife also can be discovered on land, animals like whitetail deer, armadillos, river otters, beavers, squirrels, foxes, bobcats, songbirds and bald eagles reside on the property. The itemizing states that 180 species of birds together with herons, raptors, songbirds, shorebirds and waterfowl additionally reside inside the property boundaries.
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