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2 <br />Property Transactions, Before FCX announced its bankruptcy in <br />September 1985, the 69 acres surrounding the market building were <br />placed on the market. Following bankruptcy, Goldkist,'a Georgia <br />cooperative bought the livestock market and 12 acres of grounds upon <br />which it and the pig barn stand. The surrounding 57 acres remained <br />on the market, offered either as lots or as an entire tract. The <br />Livestock market site owned by Goldkist was = on the market. <br />In the summer of 1986, it was announced that an offer for the <br />entire tract had been received and accepted for the 57 acres <br />controlled by the FCX bankruptcy court. In addition, Goldkist agreed <br />to sell the 12 —acre livestock market site to the same purchasers, who <br />are DCA General of Raleigh: The purchase contract for the Goldkist <br />property leaves the ownership of buildings and equipment with <br />Goldkist, but these must be removed within six months. # <br />Current Status. As of December 16, 1986, the sale transaction <br />on the FCX property has closed, and the Goldkist deal closes on 31 <br />December. Thus, in six months, the livestock market will cease to <br />operate in its present location. ALL of the land (except 13 acres on <br />the south side of I -851 is in the extra— territorial jurisdiction of <br />Hillsborough, and is zoned industrial. The purchasers have stated <br />that they plan to develop the acreage as a business park for Light <br />industrial, service businesses end some commerciaL businesses. <br />Qai look <br />for Re establishment <br />of the Market <br />in an Alternative <br />Location. <br />The likely <br />closure of <br />the Livestock <br />market has <br />been <br />