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Council authorizes nonbinding LOI for Gold Crown field house on Dawson Trails land
Summary
Town Council unanimously authorized the mayor to enter a nonbinding letter of intent to negotiate for 12 acres of Dawson Trails public land for a proposed 65,000-square-foot Gold Crown field house; any transfer or lease and funding will require later council approval.
The Town Council unanimously authorized the mayor to sign a nonbinding letter of intent (LOI) with the Gold Crown Foundation to begin good-faith negotiations for approximately 12 acres of public land in the Dawson Trails development for a proposed 65,000-square-foot indoor field house.
Gold Crown’s executive director, Kevin Petty, told council the foundation expects the facility to cost about $35 million, including up to $5 million attributable to land value, and that the Foundation is already pursuing private funders and a capital campaign. The foundation told council…
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