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Opelika CRA says it has closed on two downtown properties, considers property management options
Summary
The CRA reported that it has taken ownership of two downtown properties and discussed landlord responsibilities, tenant leases, and plans to seek property-management solutions, including RFP or piggyback contracting.
At its May meeting the Opelika Community Redevelopment Agency told the board it has completed purchase of two downtown commercial properties and outlined short-term landlord responsibilities and next steps on property management.
Agency staff said the CRA has closed on 391 Opelika Boulevard and 879 Fisherman Street and now holds the deeds. “We own it now. We own both the front and the back,” the CRA director told the board, adding that the agency has the…
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