SAN ANTONIO – CPS Energy, the city's utility, will buy the Malibu Grand Prix & Castle site for $6.8 million.
The 14-acre site at 3330 Cherry Ridge Dr. will be used to consolidate multiple CPS Energy worksites.
Malibu Grand Prix & Castle closed in September 2015. The property was purchased from Arlington-based Realtex Venture Capital LP.
The board of trustees unanimously approved the purchase.
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