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Commissioners approve $6.3M auction sale of 178th & May to Rose Creek Ventures
Summary
The Commissioners approved the March 18, 2026 auction sale of the 178th & May property to Rose Creek Ventures, LLC for $6,300,000 and authorized issuing a Patent with Reservations once the buyer meets the purchase‑agreement conditions.
The Commissioners of the Land Office unanimously approved the sale of the trust property at the corner of 178th & May following a public auction held March 18, 2026. Rose Creek Ventures, LLC was the high bidder at $6,300,000; staff recommended approval and issuance of a Patent with Reservations after the buyer completes the purchase agreement requirements.
Director J. Alva Brockus reminded the Commission that a consensus appraisal had previously set the statutory minimum bid at $3,890,000 and that proceeds from the sale will be returned to the corpus. The motion to approve the sale passed on a unanimous voice vote of the Commissioners present.
