Oct. 19, 2010
Kinetic Park Restriction Removed; Annex Inspections Proceeding
By Tony Rutherford
Huntingtonnews.net Reporter
Huntington, WV (HNN) - Tom Bell, executive director of the Huntington Municipal Development Authority (HMDA) brought good news to the table at the Oct. 18 meeting.
Bell indicated that negotiations with the Economic Development Authority have been successful in removing the “technology” restriction on the upper level of Kinetic Park. HMDA has signed a purchase agreement with Dr. Martin for 1.2 acres on Lot #14 for $330,000. The closing date has yet to be determined.
HMDA expects to close with HUD sometime the week of November 1 for a partial release of the lien on Kinetic Park. In addition, both city council and the State of WV will be asked to approve KP for the use of TIF #2 funds for development of infrastructure components.
Finally, a structural engineer hired by Bailes, Craig & Yon has found “no problems” during inspections of the former City Hall Annex Building in the 824 block of Fifth Avenue.
The law firm which is now located in the St. James Building has an option to purchase the structure for $200,000.
Having been vacant for nearly ten years, the building once housed the studios of WGNT Radio (in the basement) and had been used by the city for storage, as well as offices of the Huntington Sanitary Board, HPD crime and juvenile units, Huntington Human Relations Commission, Tri State Opportunities Industrialization Council, and the city’s Municipal Court. All of the latter moved out in 1999 following a series of fires and other safety issues. Break ins during 2002 caused the city to padlock and board up the structure.
In 2008, $120,000 was spent to remove asbestos from the building and last year it was cleaned. An open house was held October 20 by HMDA to market the building.
Bell in an earlier interview called the former annex one of the city’s best kept secrets. It’s located within steps of the federal and county courthouses as well as city hall.
Should the law firm exercise its option to purchase the building, it will be eligible for historic tax credits. There are three floors above ground and two floors below ground in the 21,500 square foot structure which the city purchase in 1978 from Polan Realty for $500,000.
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Kinetic Park Restriction Removed; Annex Inspections Proceeding
By Tony Rutherford
Huntingtonnews.net Reporter
Huntington, WV (HNN) - Tom Bell, executive director of the Huntington Municipal Development Authority (HMDA) brought good news to the table at the Oct. 18 meeting.
Bell indicated that negotiations with the Economic Development Authority have been successful in removing the “technology” restriction on the upper level of Kinetic Park. HMDA has signed a purchase agreement with Dr. Martin for 1.2 acres on Lot #14 for $330,000. The closing date has yet to be determined.
HMDA expects to close with HUD sometime the week of November 1 for a partial release of the lien on Kinetic Park. In addition, both city council and the State of WV will be asked to approve KP for the use of TIF #2 funds for development of infrastructure components.
Finally, a structural engineer hired by Bailes, Craig & Yon has found “no problems” during inspections of the former City Hall Annex Building in the 824 block of Fifth Avenue.
The law firm which is now located in the St. James Building has an option to purchase the structure for $200,000.
Having been vacant for nearly ten years, the building once housed the studios of WGNT Radio (in the basement) and had been used by the city for storage, as well as offices of the Huntington Sanitary Board, HPD crime and juvenile units, Huntington Human Relations Commission, Tri State Opportunities Industrialization Council, and the city’s Municipal Court. All of the latter moved out in 1999 following a series of fires and other safety issues. Break ins during 2002 caused the city to padlock and board up the structure.
In 2008, $120,000 was spent to remove asbestos from the building and last year it was cleaned. An open house was held October 20 by HMDA to market the building.
Bell in an earlier interview called the former annex one of the city’s best kept secrets. It’s located within steps of the federal and county courthouses as well as city hall.
Should the law firm exercise its option to purchase the building, it will be eligible for historic tax credits. There are three floors above ground and two floors below ground in the 21,500 square foot structure which the city purchase in 1978 from Polan Realty for $500,000.
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