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Stonebridge Ranch Tx

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BUSINESS
June 22, 1990 | From Associated Press
The government agreed to sell a ritzy Texas real estate development that was seized from a failed savings and loan to a Japanese businessman for $61 million. The price for the Stonebridge Ranch is far below the $300 million it cost to develop but within the $45-million to $85-million range expected, officials said. Federal Deposit Insurance Corp. accepted the bid Wednesday from Yukio Kitano of Osaka, Japan.
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BUSINESS
June 22, 1990 | From Associated Press
The government agreed to sell a ritzy Texas real estate development that was seized from a failed savings and loan to a Japanese businessman for $61 million. The price for the Stonebridge Ranch is far below the $300 million it cost to develop but within the $45-million to $85-million range expected, officials said. Federal Deposit Insurance Corp. accepted the bid Wednesday from Yukio Kitano of Osaka, Japan.
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