More Trinity River Vision Truths?

Seems Tim Love has a cool new spot for another restaurant, right on the banks of the Trinity River.  Well, it will be cool until it floods.

According the the Fort Worth Star-Telegram,
The River Shack is under construction near Colonial Country Club on a Clear Fork riverbank. The location is on floodway property at 3101 Riverfront Drive, by Rogers Road behind Hoffbrau Steaks.

We've heard rumors about this site for quite some time.  If you look at the TAD database, seems the only people who own anything on Riverfront Drive is the Tarrant Regional Water District. 

So, does that mean WE THE PEOPLE own a restaurant?  Guess that means it's a free for all.