Earlier this year, the former Gibbons Creek power plant and lake near Carlos was sold to a Kentucky company.
Now, the land where coal was mind is up for sale July 15th, with approval from the City of Bryan and three other cities which make up the Texas Municipal Power Agency.
The Bryan council, during a special meeting last Friday, gave authority to its two TMPA board members to approve the sale as long as the price is at least 60 million dollars.
Bryan will receive 22 percent of the sales. Bryan City Manager Kean Register says he was not successful in getting 22 percent of the land instead of the revenue.
“That was met with a lot of resistance, and I understand why. It would be very difficult to determine, or pick, what 22 percent of the land Bryan is going to get,” said Register.
Register also understands the other TMPA cities, Denton, Garland, and Greenville, not having the interest that Bryan does in the Grimes County property.
“Being so far away, they have no interest investing in the land. They would rather sell the land, take the proceeds, and invest in other ways they best feel help their cities, and their citizen’s,” Register said.
He says none of the eight interested buyers have shared what they want to do with the land.
