The corporation was to develop 109 acres of the old Kemayoran airport, which had closed in 1985.
On the same page the town is announcing decision to develop 121 acres of "gently rolling hills" into an 18-hole golf course.
A plan to sell off and develop 3,500 acres with residential and commercial construction was proposed in 2005.
The reed beds cost £5 million to develop and cover 12 acres of land.
It also represents the group's alternative to an official city plan to develop 32 acres of the city's most precious real estate.
Consider a situation in Denver, where a large banking company had lent nearly $15 million to a borrower to develop 320 acres of land.
He shouldn't have tried to develop twelve hundred acres all at once, not in a place the size of Halliburton.
Continental Real Estate is developing 16 acres between the fields.
The deal included the right to develop 217 acres around the ballpark.
Google's 2012 year end annual report noted it can develop only 7 acres of the 42-acre site.