The Commerce Journal

Local News

April 24, 2012

Potential land sale falls through

$1 million, 7.31 acre deal nixed due to third party mineral rights

COMMERCE — A pending land sale between Texas A&M University-Commerce and Armstrong Development Properties, Inc. will not be taking place, according to A&M-Commerce Assistant Vice President for Business Services and Director of Employment Services Rex Giddens. The sale of 7.31 acres for $1 million was approved by the Texas A&M Board of Regents in May of 2011, but the university was unable to come to an agreement for the surface mineral rights.

"The reason for the cancellation of the purchase agreement was failure to obtain a clear title with full surface rights," Giddens said. "The University administration is very disappointed but will pursue a solution to the title issue and seek future development opportunities to support our students and the Commerce community."

The discovery period for the sale was delayed twice for three months each over the past year.

“Last week Armstrong Development asked and was granted a 3 month extension on the discovery and permitting period, [which will now run] through February,” Giddens said in December of 2011. “Some of the acreage in the development had the mineral rights retained by past owners when the land was donated or purchased by the University.”

The second delay was announced in March 3.

“Due to final signatures, filing deadlines, and approvals, the discovery period was extended through April,” Giddens said. “The final approvals were not completed by the lawyers until February for the 90 day extension. [We’re] looking at May now.”

The university looked to sell the land because it was not part of A&M-Commerce’s long-term plan, according to Giddens.

In their concept to A&M-Commerce, Armstrong proposed a fast-food restaurant, retail shop and sit-down restaurant. The cornerstone of their development would most likely have been a CVS Pharmacy, a company that Armstrong is a developer for.

1
Text Only
Local News
  • DavidBrown.jpg Dallas Police Chief to speak at A&M-Commerce

    Dallas Police Chief David Brown will be on the Texas A&M University-Commerce campus on April 25 to give a speech in the Traditions Room of the Rayburn Student Center.

    April 16, 2014 1 Photo

  • University to host Korean Consul-General

    Texas A&M University-Commerce will host a distinguished international politician today as former ambassador and Consul-General of the Republic of Korea Suk-Bum Park visits the campus.

    April 15, 2014

  • CR 1081 Damage 2.jpg Storm damages Hunt County

    Although Commerce was not struck by the series of tornadoes that occurred on April 3, it bore much of the impact of the severe weather caused by the storm cell. 

    April 10, 2014 1 Photo

  • Food pantry assists the ‘working poor’

    When Bread of Life Church of the Nazarene took over a monthly food pantry from Word of Life Church in Commerce, Pastor Jan Wilton told members of the Commerce Lions Club she felt a need to help the Commerce community.

    April 9, 2014

  • CR 1081 Damage 2.jpg Tornado bigger than first thought

    Additional details were released Monday about the size and intensity of last week’s tornado which struck northern Hunt County.

    April 8, 2014 2 Photos

  • Drumming up some fun

    Have you ever wondered what it takes to be part of a drum line at a university?

    April 3, 2014

  • Teachers honored at Commerce board meeting

    The Commerce ISD Board of Trustees held open session on March 20 to recognize the achievements of the Commerce ISD Campus Teachers of the Year, as well as discuss the potential offering of non-core classes to students not enrolled in the district.

    April 1, 2014

  • Environmental project to beautify park

    As the drought continues in Texas, water conservation is a hot topic.

    March 31, 2014

  • Organization revamps Commerce Animal Shelter

    No-kill is love, according to Jennifer Caves.

    March 29, 2014

  • Annual Boots & BBQ set for April

    Tickets are on sale for the annual Boots & BBQ celebration and fundraiser hosted by the Commerce Schools Educational Enrichment Foundation. The event is scheduled for 6 p.m. April 12 at Commerce High School.

    March 27, 2014

Featured Ads

Poll

What should be new A&M-C women's basketball coach Jason Burton's goals for the 2014-15 season?

Winning 10 games
Winning and LSC tournament game
His focus should be on recruiting/building the team, rather than immediate success
     View Results
Must Read
Facebook
AP Video
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide