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Dahlstrom Ranch deal almost complete
Wednesday, October 1, 2008 by Jacob Cottingham
The deal still needs to be finalized, but the Commissioners commitment and approval of further negotiations practically ensures the 2,252-acre ranch along Onion Creek would become one of the region’s most valuable green spaces. The deal could not have been possible without crucial financial assistance from the Hill Country Conservancy and the City of
The Dahlstrom family had been asking $9.9 million for the permanent development rights to the property, which was valued at $25 million. The
According to
Under the terms of the deal, the conservation easement could not be subdivided. If the Dahlstrom family decides that they would sell the land, they would be required to tell the four partners two years in advance of any sale. The partners would then have the right of first refusal. However, even if the land were sold, the County would still retain the development rights. The conservation easement on the quarry would be donated.
The Dahlstrom’s are donating a public access lease that will likely enable citizens to access Howe Pasture, which at 370 acres is roughly the size of
Austin Council Member Lee Leffingwell took the lead in garnering the city’s support. He told In Fact Daily this was the first partnership the between the city and Hays County and, “I was very impressed with both the environmental value of the ranch in terms of the recharge features and the way the ranch has been maintained. I think it’s going to be a valuable part of the watershed protection effort.”
Finalization of the ranch’s status should be completed by the end of the year.
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