About four-and-a-half acres of land at the northwest corner of K Avenue and Park Boulevard will be developed into mixed-income housing after the Plano City Council voted 5-3 last week to sell the city-owned property to the Plano Housing Authority for $2 million.
In June, amid a broader and long-running debate over whether to encourage high-density development in the growing suburb, the city council narrowly rejected a previous $900,000 offer on the land from the housing authority, which has proposed building a 254-unit apartment complex in a neighborhood the city hopes to revitalize.
The city subsequently put the property on the open market, and received its highest offer from the Plano Housing Authority, according to city documents.
Mayor Harry LaRosiliere and council members Maria Tu, Anthony Ricciardelli, Rick Grady and Kayci Prince voted in favor of the sale last week.
Council member Shelby Williams voted against it, along with council