A month ago, we were excited that the city agreed to pitch in $9.2 million to help save 11th Street Park in Timbergrove Manor from destruction. The deal is far from over, though: if the 3.5 million-dollar loan from Amegy Bank to the Houston Parks Board isn’t paid off in the next 12 months, a fourth of the park will be available to developers.
Results tagged “streetpark”
So here's something kinda interesting about the news earlier this week that most of the West 11th Street Park will be saved from development: The Chronicle reports that Bob Perry, who has spent the last few years trying to cover the inner Loop with townhomes, gave $100,000 Wednesday to try to preserve the rest of the property. On Monday, the city agreed to buy the site from HISD, which has owned the wooded land...
Last month, we were hopeful that the city would agree to purchase part of the 11th Street Park in northwest Houston took save it from developers. Fortunately for the nearby residents, and Houston as a whole, the city agreed yesterday to secure the park for $9.2 million. The city is providing a little less than half of the funds for the park; the other money comes from Amegy Bank, the park board, and community fundraisers....
A couple of months ago, the 11th Street park was in danger of being sold to private investors, to be used, most likely, for residential development. There now seems to be a silver lining: Houston city council has approved an agreement that will hopefully result in the city purchasing the park from HISD, which is ready to unload the property.
