Developers want to use 735 acres of parkland in the Texas state capital to build two PGA-class golf courses as part of a $25 million project. If an Economic Opportunity Council Committee gives the green light with its vote, the only remaining hurdle would be City Council.
Austin to Buy Grey Rock GC for $9.8M
The Texas city council agreed to purchase the property and make it a publicly owned course after entertaining questions of fairness regarding the property’s location in a wealthy neighborhood. Mayor Lee Leffingwell noted that the purchase was not just an acquisition of a golf course, but preservation of open space and the development of a park amenity.
Privately Owned Grey Rock GC Could Go Municipal
The Austin (Texas) City Council will vote March 20 on whether to seal the deal on the $9.6 million purchase of the 292-acre property, which is open to the public. The lease of another of the city’s courses, Lions Municipal, will run out in 2019, and could be developed into retail or residential property.