Denver Mayor Mike Johnston announced Wednesday the city is acquiring the former Park Hill Golf Course in a land swap deal.

Denver will acquire the former Park Hill Golf Course in an unprecedented land swap deal that will give the city its fourth largest park, Mayor Mike Johnston said Wednesday. Why it matters: The move all but settles a longstanding fight between those who wanted development on the site and those wishing to keep it as open space.

On Thursday the Park City Council will consider a land swap proposal encompassing over 300 acres and several popular trailheads.

CBS News Colorado has learned the City of Denver and the owner of the former Park Hill Golf Course property are attempting to wrap up a land swap agreement that would allow Denver to take back control of the controversial 155 acre property.

Sources say Denver is acquiring the former Park Hill Golf Course in a deal and plans to turn it into a park and open space.

Denver acquires the 155-acre Park Hill Golf Course to transform it into one of the city’s largest urban parks, set to open this summer.

After years of controversy over Park Hill Golf Course, the vast piece of undeveloped land in northeast Denver is set to open to the public as a park this summer under the terms of a deal announced Wednesday by city officials.

A developer and Denver reach a deal to resolve the future of land at the heart of a controversial development proposal.

The city of Denver has acquired the former Park Hill Golf Course for use as a public park, city leaders announced Wednesday. Mayor Mike Johnston said the 155-acre parcel is the city’s largest acquisition of a new park in more than 100 years.