Trust for Public Land Wins Bid for Doubletree Ranch

The Trust for Public Land (TPL) purchased the Doubletree Ranch at an auction held at Denton County Courthouse on June 2. The TPL purchased the Ranch for $2,866,659.04, which was one cent over the opening bid price. The City contracted with TPL to purchase the 37 acres known as Doubletree Ranch and expects the transfer to take place by the middle of June 2009. The City will use 4B sales tax funds to purchase the property for a soccer facility and a conservation area.

Under the Highland Village Community Development Corporation (4B) structure, funds may be expended on two projects; construction of the city trail system and a soccer facility.  The Doubletree Ranch property has numerous trails planned throughout the site, as identified in the City’s Comprehensive Trail System Master Plan, and it provides enough space to construct a soccer facility approved by voters.

 

 

The City has partnered with the Trust for Public Land (TPL) on the acquisition of Doubletree Ranch. TPL is a non profit organization that conserves land for communities to enjoy as parks, recreational areas, gardens and other natural places. TPL works with property owners seeking to sell land, and public agencies seeking to acquire it by structuring transactions that align their needs and facilitating a successful acquisition. The potential purchase of Doubletree Ranch would also provide park property at a time when the expansion of I-35E will significantly reduce the size and use of Copperas Branch Park.