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Committee accepts TPRI LLC offer and authorizes negotiations for old Fire Station 11
Summary
A Tuscaloosa City committee voted to accept a $277,500 offer from TPRI LLC for the cityowned Fire Station 11 and authorized staff to begin contract negotiations after hearing two bids that were below the property's $365,000 appraisal.
A Tuscaloosa City committee voted to accept an offer from TPRI LLC for the cityowned, decommissioned Fire Station 11 and authorized city staff and the city attorney to begin contract negotiations, after hearing two bids that were both below the stations appraisal.
The committee heard from two prospective buyers: Eaton Resources, represented by realtor Julia Eaton, which offered $210,000 and said it would invest more than $150,000 to renovate the building for offices; and TPRI LLC (Taylor Patterson Real Estate Investments), represented by Kirk Patterson, which offered $277,500 and said it plans to pursue a larger commercial development tying adjacent parcels to the property. City staff told the committee the station had been appraised at $365,000.
Why it matters: The sale…
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