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Evansville approves $97,500 purchase from Drury Development for Crosspoint‑Indiana roundabout parcel
Summary
The Board of Public Works approved purchase of Parcel 3 from Drury Development Corporation for $97,500 as part of the Crosspoint Boulevard/Indiana Street roundabout project. Staff said the price exceeds appraisal but is cheaper than the cost of condemnation and will remove a property obstacle to the roundabout.
The City of Evansville Board of Public Works on June 12 approved a negotiated purchase from Drury Development Corporation for a parcel needed for the Crosspoint Boulevard and Indiana Street roundabout project. The approved contract amount was $97,500.
City staff told the board the appraisal for Parcel 3 was about $82,000 and that…
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