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COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2017
COMMITMENTS AND CONTINGENCIES  
Schedule of potential land sales transactions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract

 

 

 

 

 

 

 

 

No. of

 

Amount

 

Price

 

Estimated

 

    

Contract (or Buyer) / Parcel

    

Acres

    

($000's)

    

per Acre

 

Timing

1

 

Minto II (AR Residential) (1)

 

1,686

 

$

31,360

 

$
19,000

 

'18 - '19

2

 

Mixed-Use Retail (NADG)

 

62

 

 

16,963

 

 

273,000

 

'17 - '18

3

 

Commercial/Retail - Buc'ees (2)

 

35

 

 

14,000

 

 
400,000

 

'18 - '19

4

 

Residential (SF)

 

129

 

 

2,750

 

 
21,000

 

'18 - '19

5

 

Commercial/Retail

 

 9

 

 

2,700

 

 
300,000

 

'18 - '19

6

 

ICI (SF) - Option Parcel

 

146

 

 

1,400

 

 
10,000

 

'18 - '19

7

 

Commercial/Retail

 

 5

 

 

300

 

 
60,000

 

'17

 

 

Total (Average)

 

2,072

 

$

69,473

 

$
34,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

For a description of the potential adjustment in the sales price for the Minto II Contract, see Note 21, “Subsequent Events.”

(2)

Contract amount and price per acre may be reduced by potential costs incurred for wetlands mitigation, if any.