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Archive Home > 2005 > September > 11 > Madras makes deal for 800-acre development

Madras makes deal for 800-acre development

City to fetch $10 million to $20 million

By Keith Chu / The Bulletin
September 11, 2005

MADRAS - The city of Madras and the nonprofit Bean Foundation are close to finalizing an agreement with a private company to create an 800-acre, master-planned community east of the city.

Under the agreement, Madras will sell 609 acres to Madras Land Development Co. in exchange for between $10....

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