Now, Later, Good Investment - The Missourian: Opinion

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Now, Later, Good Investment

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Posted: Friday, August 9, 2013 3:27 pm

The city’s plan to lease land on the north side of Front Street for a parking lot is a sound investment that will add much to the rebirth of that area in the downtown section and riverfront. It makes sense now and certainly for the future of the historic core of the city.

The city already leases land from Union Pacific Railroad along Front Street and the railroad tracks. With the new addition, the city will have about 83,000 square feet leased from the railroad. The city plans to have 75 parking spaces in the new parking lot. The annual lease calls for the city to pay $12,000 a year. It has been paying $7,000 annually for about 36,000 square feet. The grading, paving and striping for a parking lot, and related work, will cost the city around $150,000.

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