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Kennedale EDC moves forward on roughly 17-acre Oakrest Drive purchase for $1.5 million
Kennedale Economic Development Corporation · March 24, 2026
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Summary
The EDC voted to proceed with purchase of four parcels on E. Oakrest Drive for $1.5 million with a $500,000 down payment and the balance (~$1 million) payable over three years at 3.85% interest; board recorded one opposing vote.
The Kennedale Economic Development Corporation voted March 24 to proceed with the potential purchase of property on East Oakrest Drive as part of a longer-term land-use strategy.
Staff provided a legal description (lots 1–3, Block 10, Oak Crest Addition; plat recorded in volume 388-C, page 81 of Tarrant…
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