- Associated Press - Wednesday, June 3, 2015

JACKSON, Wyo. (AP) - The U.S. Forest Service needs a buyer for a 10-acre parcel of land in downtown Jackson now that a potential deal with a Wisconsin developer has fallen through.

Bridger-Teton National Forest spokeswoman Mary Cernicek says both parties agreed to terminate the $12 million deal Friday because the city took until May, longer than expected, to rezone the property residential, the Jackson Hole News & Guide reports (http://bit.ly/1K9RRAC).

S.R. Mills of Kenosha, Wisconsin-based firm Bear Development says the price was too high to ensure the project’s financial success. Mills said the group hopes to pursue a modified contract.

Voters decided against buying the property in 2012. An $11.55 million deal fell through in 2013.

Cernicek says the agency still plans to demolish the building currently on the property in August.

Mayor Sara Flitner says the town needs more housing.

“We are very interested in working with a potential buyer or any landowner at that site because we view it as a real possibility to put a dent in some of our housing needs,” Flitner said.

Employee housing has been moved off the property as Cernicek and agency officials work toward a resolution.

“If we had anything that was a disappointment, it would be the time that it’s taken,” she said. “It’s definitely been more time and longer than we had anticipated, but it’s time well spent because of what we’ve learned along the way.”

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Information from: Jackson Hole (Wyo.) News And Guide, http://www.jhnewsandguide.com

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