Houston Firm Backs Out of Deal with Longview

LONGVIEW — The deal is off with a development firm in Houston that in June offered $2 million to buy the former Holiday Inn property at Estes Parkway and Interstate 20. Longview Economic Development Corp. Executive Director Susan Mazarakes-Gill said this week that the 6.62 acres on Estes Parkway is no longer under contract with Baker Katz and again is for sale, according to KETK and the Longview News-Journal. “Baker Katz was working on a concept more akin to a shopping center but gradually determined the location is not conducive to that kind of retail,” she said. “Their due diligence period was coming to a end, so we agreed to release them from their contract and pursue other possibilities.”