Dallas Mayor Tom Leppert last week delayed action on the purchase of 8.3 acres in downtown for a 1,000-room convention center hotel after the landowners agreed to an extension of the city’s option to buy the plot.

CP-Dallas L&Y LP, which owns the land, extended the city’s option from the end of May to June 20. If the city buys the land by then, CP-Dallas would return all the $500,000 in earnest money put up by the Dallas Convention and Visitors Bureau. The city would get back $250,000 of the money if it purchases the land by Sept. 30.

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