Dallas-based land development company Todd Interests responded to TPWD’s recent announcement that commissioners are consideringTexas-based energy company, Vistra, put the entire acreage on the market several years ago for $110.5 million before private Dallas-based firm Todd Interests purchased it. The developer plans to turn the property into a multimillion-dollar private home community with a private golf course.
KSAT reached out to TPWD officials who countered this accusation saying “Texas Parks and Wildlife Department absolutely attempted, on many occasions, to purchase Fairfield Lake State Park, and once the property went under contract with Todd Interests, the department and its commission took persistent and extraordinary steps to negotiate an outcome that would benefit Todd Interests while preserving a public asset that has served millions of visitors through half a century.
In the statement, Todd Interests said the property was purchased on June 1 and they had officially taken the title for the land and construction equipment was already onsite. The full statement from Todd Interests regarding Fairfield Lake State Park is embedded below. It was sent to KSAT via email on Tuesday.
The park was originally closed on Feb. 28 before reopening two weeks later as Texas legislators tried to prevent land developer Todd Interests from turning the privately-owned property from being turned into a multimillion-dollar private home community with a private golf course.is a 1,460-acre park within a 5,025-acre property in Freestone County. Texas-based energy company, Vistra, put the entire acreage on the market several years ago for $110.