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20120330_Shary-EstatePALMHURST -- The University of Texas-Pan American announced on Tuesday that The University of Texas-Pan American Foundation has sold the historic Shary-Shivers Estate on North Shary Road to Obet Flores, a businessman from Mexico.

Proceeds from the sale will be used to establish a scholarship endowment at UTPA in the name of the Shary Shivers Foundation, set up by Shary's grandchildren.

In 2010, Flores, in meeting with Palmhurst residents at a public hearing on a zone change for the property during the sale of the estate, said he wanted to make the 17,000-square-foot, two-story home into The Mansion on Shary, an event center and bed and breakfast business.

For more on this story check out Friday's edition of the Progress Times.

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