|Bandera ISD Accepts $1.206 Million Bid
from James Dunnagan
Among the business at a meeting of the
Bandera ISD Board of Directors on Tuesday, April 13, was the consideration
of bids to purchase the property that formerly housed Bandera Downs racetrack.
The Bandera ISD voted 4-3 to accept a $1.206 million cash offer from Fort
Worth businessman James R. Dunnagan.
Dunnagan is also affiliated with Squaw Creek Downs in Willow Park, Texas.
Representing Dunnagan at the meeting, Vicki Browning of Texas Rose Realty
told the Bandera ISD that he plans to use the facility primarily for race
horse training. She went on to say that Dunnagan will seek to restore
the track to its former condition and hopes to install some retail and
lodging facilities in the front of the property.
Last November, the Bandera ISD had unanimously voted to accept developer
Ron Kitchen’s $1.3 million bid for the property, but his bid was
contingent on him finding a funding source. As of mid-February, his funding
had not come through, and he made no bid during the fifth and most recent
round of bidding.