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Fri September 13, 2013
Who Bought the Chunk of Texas
The 25 square-mile piece of Texas was auctioned off this week, and it’s no longer owned by one person. According to the Amarillo Globe-News, purchasers bought pieces for the expected use of farming and ranching, but some had diverse purposes in mind.
- Two Amarillo cousins in the real estate business — Michael Dodson, 36, and John Dodson, 30 — cast a winning bid of more than $600,000 for a section of land they plan to lease for deer hunting, cattle raising and use for recreation.
- Ron Slover, 76, an Amarillo business man with oil and gas interests, purchased an 800-acre tract in Wheeler County for $511,000. He said he plans to raise cattle there, and one day give it to his family.
The largest tract, a seven-section chunk of land, went for more than $3.3 million. The auction was attended by 109 bidders, and raised about $16.8 million for owner, George Chapman.