Darby camp in Pennsylvania is being eyed as an investment in the construction of a $1 billion luxury resort complex.
The property is owned by the U.S. Army Corps of Engineers, which has been looking for a way to expand its presence in Pennsylvania.
The site was purchased in 2013 by the Army Corps for $1.4 billion.
The sale price includes $1 million in taxes and a $500,000 payment to the Army for the site’s historic designation.
The land was formerly a military outpost.
The Army Corps says it has not announced an estimate of the property’s value.
The Camp is owned and operated by a group of business owners, including some of the owners of the U-Haul, who want to preserve the land for their community.
“We have been trying to work with the Corps to try and determine the value of the land, and I think it’s going to be more than that,” said Eric Bresch, the executive director of the Darbys.
“But I do think it will be in the neighborhood of $2 billion.”
Bresch said he’s optimistic that the property will be worth more than $1,000 per square foot.
The U-haul has been in business for about 50 years, and its history is intertwined with the Darbies.
In the early 1900s, the camp was one of the first to offer military transportation for the American Civil War, the first U.A.E. to enter the war.
During World War I, the company built two airfields at the camp and served as the base for the U.-Scheduled Flying Wing.
The camp was designated a national monument by the government of the United States.
In the 1940s, during the Vietnam War, many of the campers were sent to concentration camps.
The U-hooks had to close in the 1950s.
Bresh said the UHauls plan to open Darbys resort will include a new hotel and restaurants.
The company has already secured land in nearby Bucks County for the resort.
The Darbys are part of a larger community of about 200 people in southeastern Pennsylvania, according to the Darbs.
The Darbys hope the resort will be open to visitors from as far away as Australia and as close as Canada.
Bresh noted that Darbys residents have long lived on the campsites.
“I think it would be good to be able to come and visit the Darleys again and visit some of our campers,” he said.