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Midwest City authorities move $9.25 million to Urban Renewal fund to begin Heritage Park Mall takeover process
Summary
The Midwest City Memorial Hospital Authority and City Council approved a $9,248,155 transfer to the Urban Renewal Authority to begin acquiring Heritage Park Mall and to cover initial costs including court escrow, demolition planning and testing.
The Midwest City Memorial Hospital Authority on April 20 approved a one‑time transfer of $9,248,155 to the Midwest City Urban Renewal Authority to begin the process of acquiring Heritage Park Mall and to cover related costs.
City Attorney Don briefed the council that the commissioners’ appraisal and related costs put the immediate cash amount needed to begin the court‑controlled acquisition process between about $6.9 million and $7.0 million. Don told the council the building appraisal reported to the city was $6,710,000; the commissioners also included about $200,000 for moving expenses and roughly $12,000 in…
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