Word: throughways
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Dates: during 1961-1961
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...with Oilman R. E. ("Bob") Smith, Hofheinz recently plunked down $4,940,000 to buy from Hilton Hotels Corp. 494 acres of undeveloped land near downtown Houston. No sooner had they taken title than Hofheinz and Smith gave 29½ of their new acres to the state for a throughway right of way, agreed to sell 180 acres to the county at cost to complete land acquisition for a $15 million sports stadium. The stadium will serve the new Houston National League baseball team, in which Hofheinz and Smith own the controlling interest; the highway should skyrocket the value...