Jerry Jones Buys Land for $7M, Gives Ownership to Razorback Foundation

Dallas Cowboys owner Jerry Jones bought 254 acres in south Fayetteville for about $7.3 million.

The day after the acquisition, Jones and his wife transferred ownership of the property to the Razorback Foundation Inc., through Cato Springs Road LLC. The LLC lists the foundation's executive director, Sean Rochelle, as its agent. Its address is the foundation’s address on South Razorback Road.

Jones purchased the property from Chambers Bank of Danville. Chambers acquired the property in lieu of foreclosure from South Pass Development Company LLC, led by Richard Alexander, John Nock and Hank Broyles in August 2010.

Jones, who started as an offensive lineman and co-captain for the Arkansas’ 1964 national championship team, is married to Gene Chambers, a member of the founding family of Chambers Bank.

The property, just off S. Cato Springs Road, is adjacent to the city of Fayetteville’s proposed regional park. Jones bought 10 plots that total slightly more than 254 acres.   

South Pass had originally planned for an 800-acre residential development on the property. South Pass paid $8.25 million for the property in October 2005.