"But at this particular moment, there's no real reason or need to develop the property further."

The new owner did not want to sell because he wanted to develop the property.

I've developed properties since I first bought a flat in 1981.

James River gets an $8 million tax deduction by giving away its right to develop the property.

He should have moved the team to some other less valuable piece of land and developed the property.

There have been numerous plans to develop the property dating back to the late 1980s.

Loans cannot be used to develop property or to purchase private cars.

It also brings to an end the Whitney family's plans to develop the property in question.

Within four years, however, the company had closed the track, paid off the bonds and announced plans to develop the property.

"You could develop the property exactly as you want to."