- Associated Press - Saturday, February 20, 2016

RICHMOND, Va. (AP) - A nonprofit group has purchased 108 acres of land along the James River near Richmond for use as a public park.

The Richmond Times-Dispatch reports (https://bit.ly/1oSqLY2 ) that the Trust for Public Land paid $700,000 for the 1-mile strip south of the Pocahontas Parkway bridge.

A previous owner had planned to build a residential community with 300 townhomes and a 98-slip marina, but the recession thwarted those plans and Richmond-based Union Bank and Trust foreclosed on the property in 2011.

Michael Golden, director of Chesterfield Parks and Recreation, said hiking, bicycling, fishing, historical interpretation, a boat landing and possibly horseback riding are planned for the park.

A bank spokesman said the company lost money on the property but sees the deal as an opportunity to support the community.

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Information from: Richmond Times-Dispatch, https://www.timesdispatch.com

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