On the bright side . . . This effort from Councilman Scott Wagner will improve life for locals near Northeast Kansas City . . . Still, there's no doubt that this property isn't worth anything close to $2 Million and a private developer would NEVER invest that much cash.
There's not much detail about how Kansas City will recoup the expense but right now the only thing this vicinity has produced for Kansas City is drug overdoses, murders, dead hookers and a great deal of human misery.
Check the legislation . . .
Ordinance #160047: Authorizing the Director of Public Works to accept an assignment of option to purchase and to enter into negotiations to complete the acquisition of the real property commonly known as the Royale Motel located at 600 Paseo Boulevard and execute all documentation to complete the purchase; estimating and appropriating $2,700,000.00 to cover costs; authorizing the Director of Public Works to expend funds not to exceed $2,700,000.00; authorizing the Director of Finance to close project accounts upon project completion; declaring the City’s intent to reimburse itself from bond proceeds for certain expenditures; designating requisitions authority; and recognizing an accelerated effective date.
Developing . . .