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Austin drives $9.6M buy for Grey Rock Golf and Tennis ClubAustin drives $9.6M buy for Grey Rock Golf and Tennis Clubhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=46102014-03-21T13:49:00Z2014-03-21T10:00:00Z

AUSTIN - The Southwest Austin Grey Rock Golf and Tennis Club facility will be purchased for $9.6 million by Austin's City Council. The 292-acre Grey Rock facility is located off Hwy. 45 within Circle C Ranch.

The property includes an 18-hole golf course, eight tennis courts, three maintenance facilities, a driving range and a clubhouse. The $9.6 million price for the course includes $8.5 million for the real property purchase and $1.1 million in funding for the city's due diligence and a number of other services.

The deal has been billed as both the acquisition of a new recreation facility and an important preservation step. City staff indicated that the property, which sits on an environmentally sensitive area over the aquifer, may have been at risk of development.

Read more at the Austin Business Journal.

Austin Business Journal
Austin-Round Rock
Public Facilities
http://www.bizjournals.com/austin/news/2014/03/21/city-to-buy-grey-rock-golf-and-tennis-club-for-9-6.htmlRead more at {Source}

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