Surplus parcel sale — Pearl River/Highway 55
Description
The city proposed declaring three parcels (~100 acres) surplus and letting the mayor negotiate a $1,000 option with a $111,000 purchase price; the council tabled it seeking protections for future value, including possible casino or One Lake upside.
Impact summary
If a casino or One Lake raises the land's value ten- to twenty-fold, the city could miss a major windfall; safety nets like cancellation rights and reverters were already in the draft deal.
Applicant
- Address
- Parcels 1008-1-2, 1008-4-3, 1008-15, near Pearl River on Highway 55
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · City Council
Discussed at 1 meeting in the last 60 days; most recently Oct 6, 2026.
Meeting timeline (1)
Related issues (1)
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