COLUMBIA CITY — Columbia City’s Redevelopment Commission (RDC) decided to make an offer on the Eagles Lodge at the corner of Line and Van Buren Streets at Tuesday’s meeting.
After averaging two appraisals, the group decided to make an offer of $165,000 for the property, which is located at 306 W. Van Buren St., downtown.
“We’d really like to see that corner developed into something,” said Kevin Snell, of the Columbia City RDC. “We don’t want to see it deteriorate.”
One appraiser valued the property at $180,000, while another estimated it at $150,000. Per the commission’s statute, the offer had to be the average of the two appraisals — hence the $165,000.
The purchase is not a done deal, though, as officials from the Eagles’ said $170,000 was their bottom dollar.
Though some commission members were OK with the $170,000 pricetag, per the statute, the commission can only offer $165,000, according to Redevelopment Commission Attorney Greg Hockemeyer.
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