85 replies to this topic

[mzweig]

zman9810, on 23 June 2010 - 08:55 PM, said:

Just that the bank has control of it- the developers are waiting on them to decide what they want to do (as is the city).

Thx.  I will take that as a "dead."

M

[aerotive]

Another update:

http://www.4029tv.co...943/detail.html

[bubba72704]

I don't mean to bust the city's chops here, but I get the feeling they're beating a dead horse.  Let it go!   A lot of builders promised a lot of things during the height of the building boom only to be leave behind half-built projects struggling thru bankruptcy court..  Maybe the city would be best served to table this idea of a regional park, and acquiring the land that goes with it, until the development actually happens -- which will probably be years away.  In a way we're lucky that the developers never really got started on this project.  How many other projects in Fayetteville (e.g. Ruskin Heights) went belly-up only after they scarred up the land and left a bigger mess for the city to clean up?

I'm sure that having another 200 acres given to the city would be nice, but I see no value in having a regional park on the extreme southwest edge of the city that wouldn't be used to it's full potential.  If the city wants to focus on building a new city park -- one that would actually be withing walking or bike riding distance -- I wish they would focus on the 200 acres they already own on Persimmon Street just north of the new sewer plant on the west side of town.  It seems much more viable.  

Just my opinion, tho.

[Mith242]

bubba72704, on 30 June 2010 - 09:42 AM, said:

I don't mean to bust the city's chops here, but I get the feeling they're beating a dead horse.  Let it go!   A lot of builders promised a lot of things during the height of the building boom only to be leave behind half-built projects struggling thru bankruptcy court..  Maybe the city would be best served to table this idea of a regional park, and acquiring the land that goes with it, until the development actually happens -- which will probably be years away.  In a way we're lucky that the developers never really got started on this project.  How many other projects in Fayetteville (e.g. Ruskin Heights) went belly-up only after they scarred up the land and left a bigger mess for the city to clean up?

I'm sure that having another 200 acres given to the city would be nice, but I see no value in having a regional park on the extreme southwest edge of the city that wouldn't be used to it's full potential.  If the city wants to focus on building a new city park -- one that would actually be withing walking or bike riding distance -- I wish they would focus on the 200 acres they already own on Persimmon Street just north of the new sewer plant on the west side of town.  It seems much more viable.  

Just my opinion, tho.

I see where you're coming from.  But I think it might also be helpful if the developers just came out and admitted that this development was going nowhere as well.  But as you said there are other spots the city could focus on.  Didn't the city buy a lot of land somewhere in the vicinity of Mt Sequoyah a couple of years ago?  Granted it's probably not 200 acres.  That and I think the purpose was to protect the forested land west of Mt Sequoyah.

[zman9810]

Fayetteville has received the 200 acres of park land that it was promised although it came from the bank instead of the developers that made the deal for it. The bank has foreclosed on the property and says it still intends to move forward with the project but that seems unlikely. At this point it seems more likely an investor will buy it and sit on it for a long time which is probably better for the city anyway. The park was always a good idea and the sprawl development a bad idea so this situation has turned out as well as could be expected.

[Mith242]

zman9810, on 15 September 2010 - 08:28 PM, said:

Fayetteville has received the 200 acres of park land that it was promised although it came from the bank instead of the developers that made the deal for it. The bank has foreclosed on the property and says it still intends to move forward with the project but that seems unlikely. At this point it seems more likely an investor will buy it and sit on it for a long time which is probably better for the city anyway. The park was always a good idea and the sprawl development a bad idea so this situation has turned out as well as could be expected.

Thanks for the update.  I had been wondering where everything stood.