City, federal funds to preserve Hays County ranch

July 7, 2014 By Asher Price

The development of a 747-acre ranch south of Austin is off the table after the city and the federal government paid the property’s owners to keep it a working ranch.

To pay for the development rights of Ruby Ranch, valued at $5,980,000, the city of Austin is paying $2 million and the Natural Resources Conservation Service is paying $2.99 million. The value of the remainder of the property was donated by the Ruby family.

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