GRANTS PASS, Ore. — The City of Grants Pass voted unanimously on Wednesday to sell the River Road Reserve property to horse racing company TMB Racing, owned by Dutch Bros co-founder Travis Boersma.
The City Council voted unanimously in December to sell the property, though recently an addendum adding approximately four-acres of land including the Lathrop County Park boat landing was added to the parcel, requiring Wednesday’s vote.
According to Kendra Lellis, Vice President at Grants Pass Downs, TMB Racing has a contingency period of 120 days to perform due diligence on the property, which totals 231 acres, and was purchased for $3.5 million.
The Balloon Festival, scheduled for May 30-31, will happen as planned.
Fort Vannoy Farms has a lease with the city through 2021 that will be honored, and the farm may have a presence beyond then.
“There are pieces in the floodplain that we can’t use, but we would support local farmers growing there. It’s a really good win-win,” Lellis said.
Lellis said Bob Crouse, owner of Fort Vannoy Farms, will grow hay and alfalfa that can be used to feed horses. “It’s a good potential partnership for farmers and horse owners,” Lellis said.