JACKSON, Wyoming — The tract of U.S. Forest Service land in downtown Jackson is on the market again.
A proposed deal between a prospective buyer and the Bridger-Teton National Forest has fallen through.
Bridger-Teton Supervisor Tricia O'Connor confirmed that the property is no longer under contract with developers who were attempting to buy the 10-acre property for $12 million.
Attorney Chris Hawks, speaking on behalf of the developers, says Jackson's zoning requirements on workforce housing are "practically impossible to comply with."
The Jackson Hole News & Guide reports (http://bit.ly/1MsxAr2 ) that the collapsed deal is just the latest in a series of twists and turns that have followed the land sale since the property went on the market in 2013. The sale has been tricky because of uncertainty over zoning of the land.
Information from: Jackson Hole (Wyo.) News And Guide, http://www.jhnewsandguide.com