Jerry Jones Donates Land To Razorback Foundation
by January 7, 2015 2:16 pm 171 views
Dallas Cowboys owner Jerry Jones, who attended the University of Arkansas and was a member of the school’s 1964 national championship football team, has donated 256 acres of land to the Razorback Foundation Inc.
The Razorback Foundation is the private fundraising arm of the UA athletics department.
According to a deed filed Dec. 30 at the Washington County Courthouse, Jones paid Danville-chartered Chambers Bank $7.3 million for 11 tracts totaling 256 acres west of the Cato Springs Road exit, just off the Interstate 49 interchange in south Fayetteville.
The property was then deeded for $0, according to a deed filed Jan. 2, to Cato Springs Road LLC, which lists Sean Rochelle as the registered agent.
Rochelle is the executive director of the Razorback Foundation. Through an email, he declined to elaborate on the transaction.
“At this time, I don’t have any additional information to provide relating to the transaction,” he wrote.
Chambers Bank recovered the land in August 2010 from the previous owner, South Pass Development Co. LLC, which was led by developers John Nock, Mitchell Massey and Richard Alexander.
About a decade ago, they had proposed an 840-acre mixed-use development that was to include about 3,600 single-family homes, churches, a school, a 200-acre city park and about 500 acres of green space.
Jones is the brother-in-law of Chambers Bank president and CEO John Ed Chambers.