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The Texas Parks and Wildlife Department is ending its months-long effort to reclaim the property after a local commission set the value at $418 million.
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The state used eminent domain to reclaim the property from a private developer.
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The park was sold to a developer earlier this year.
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A Dallas developer recently purchased the parkland and plans to turn it into a luxury gated community. Saturday’s vote would instead direct the state to take over the park by eminent domain.
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Texas officials say they made good-faith offers to purchase the land outright from developer Todd Interests, but the company says that’s not true.
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The state is now considering seizing the land to save the park after its purchase offer was rejected by a Dallas developer.
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State officials plan to offer free day access to the property as they consider how to acquire the land before its sale.
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State Rep. Angelia Orr has filed a bill that would lead to a state takeover of the popular Fairfield Lake State Park. An expert in eminent domain law explains how that could work.