But one route the horse-training and sulky-trotting turf won't be taking is along commercial real estate row. Instead, the city has decreed most of the 100 acres will be used for public recreational purposes such as baseball diamonds, softball fields, a running track and possibly as an equestrian training area for non-profit groups.

Had it chosen to put the hallowed dirt on the market, some brokers feel the city could have grossed $100,000 per acre ($2.30 per sf) or $10 million at the least. Other brokers tell GlobeSt.com the land would bring in $200,000 per acre or $4.60 per sf for a $20 million windfall to the city.

"This is a judgment call the mayor and the council had to make as they listened to area residents for their takes on the highest and best use for the land," says Robin L. Webb, senior vice president and managing principal of Arvida Commercial Services Inc. "Developers understandably don't see it that way."