The Bristol Evening Post have finally published the story broken here 12 days ago and at Bristol Indymedia 18 days ago. (later edit - they've now followed up with this story, and later still this.)
Their report gives a fair outline of the land sale issue, but you'll find a lot more juicy detail, including the involvement of a prominent Merchant Venturer, here and on The Bristol Blogger and Keep the Bank Green, the last being a site recently set up by local people (not me as reported in the Post).
One important point that needs to be stressed is that the proposed development will replace around 100 metres of mature hedgerow with a 7 storey twin-tower block, a 4 storey block of flats and 14 houses, all just 4 metres from the tarmac path. The rural character of the Path will be lost.
If you want to follow the development of this story over the last 4 blog posts start here and then follow the link at the end of each post.