3 replies to this topic

[John T Roberts]

The Business Press is reporting that the City of Fort Worth may purchase the Professional Building at 900 Monroe.  The authorization to spend $3 Million to buy and $470,000 for repairs is on tonight's City Council Agenda.

 

Here's a link to the article by Scott Nishimura: http://fwbusinesspre...$3-million.aspx

 

Here's a link to the building description on this site: http://www.fortworth....com/miller.htm

 

Below is a photograph:

[renamerusk]

Not the right thing to do based solely on my knee jerk reaction.  Nothing like removing a potentially prime piece of real estate off of the tax roll.

[Austin55]

Is this possibly a reaction to not getting the post office?

[RenaissanceMan]

Not the right thing to do based solely on my knee jerk reaction.  Nothing like removing a potentially prime piece of real estate off of the tax roll.

80% of current leases in the building are leased by the City. The City will be making some upgrades to the building and it's mechanical systems, so if in a few years it goes on the maket (i.e. if the post office comes back into play) then it could still find another buyer and the building could be filled by people other than City staff as it is now.