Commissioners are postponing a vote on the transaction untilthey gather additional information on the land's value and theterms of the proposed acquisition.
The deal centers around a $1.6 million purchase by a so-farunidentified corporate buyer for 200 acres of city-owned land thatwould be used to develop a 1.2 million-sf warehouse/distributioncenter at an estimated construction cost of $60 million.
The buyer is believed to be Wal-Mart Stores Inc. Neither thecity nor Wal-Mart will confirm or deny the speculation.
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