Part of it may turn out to be for Stafford
By Elsa Maxey
Fort Bend County Commissioners placed an earnest money contract for the purchase of the Regal Ranch in Stafford alongside U.S. 90A. An independent appraisal valued it at the purchase price of $1,945.000.
The announcement was formalized this Tuesday after a closed session of commissioners court. “A portion of the Regal Ranch property is needed for flood control,” said Precinct 2 Commissioner Grady Prestage, whose district is where the 31-acre Regal Ranch is located. Admittedly, Prestage said the county purchased a part of the property that it would not be using, but it was the part needed for pressing drainage needs to prevent flooding that gave way to the county’s interest for the buy. Prestage said the seller wanted to sell the entire property and was not interested in dividing it. “We will be working out an agreement with the City of Stafford on the portion that is not needed for flood control.”
Prestage also said most of the amenities of the Regal Ranch, a recreation venue where Kevin Costner hosted a Super Bowl party several years ago, will remain intact at this time.
Prestage said he expects the county will have finalized the deal in two weeks.
The current operators of the Regal Ranch are leasing the property and operating the amenities that the county is not interested in doing. Stafford, however, may be.
More next week.