The city proposed a partnership with the New Braunfels Industrial Development Corporation (4B Board) at the 4B Board’s regular meeting on Thursday night for the acquisition of property to be used for a future sports complex.
The 151.43-acre piece of land – located on the southeast corner of Klein Road and Farm-to-Market 1044 – was identified last year as a potential location for the project.
Proposition 3 of the 2013 Bond allocated $2.5 million for the purchase of land to develop a regional sports complex. But the agreed upon price for the property, which is currently owned by the Zipp family, is $3.042 million.
