Question #8 – Do you think now is a good time to approach the Sandlers with some type of acquisition plan (cash, land swap, tax deferral, wetland bank creation) for Pleasure House Point (Indigo Dunes)? Louis Jones
– The City has approached the Bank about a possible outright purchase of the property.  The Bank is the current point of contact for the property and the City is discussing a possible all cash purchase of the property.  Whether it would all be maintained as open space or some of it sold off for smaller less dense development, would have to be determined after purchase.

From this Q&A.