Because of a lack of funding, City Council decided Oct. 16 that Austin will not buy a coveted piece of land.

Texas Department of Transportation currently owns the 78.19-acre property located at the interesection of Bull Creek Road and 45th Street. City Council considered adding another party to help raise the money necessary to buy the land, but TxDOT said it was not willing to wait for a partnership to be established. The state agency will now look for other bidders.