Complex sentence: Save Dragon Point, an organisation dedicated to rebuilding the dragon statue, was founded in May 2012; in August, the mansion on the property where the dragon had stood was scheduled to be demolished and the property sold.
Split into simpler sentences: Save Dragon Point, an organization dedicated to rebuilding the dragon statue, was founded in May 2012. In August, the mansion on the property where the dragon had stood was scheduled to be demolished and the property sold.