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CDRA ratifies purchase agreement for Walgreens parcel in Port Union town center
Summary
The Creative Development and Renewal Agency voted to ratify a purchase agreement for a 1.09-acre parcel formerly occupied by a Walgreens in the Port Union town center for $3.5 million and moved into closed session to discuss real property purchase/lease. Due diligence runs through November; closing is expected between mid-December and mid-March.
The Creative Development and Renewal Agency voted Tuesday to ratify a real property purchase agreement to acquire a 1.09-acre parcel formerly occupied by a Walgreens in the Port Union town center for a purchase price stated in the meeting as $3.5 million.
Mike Quickers, chair of the board, introduced Item 2 as consideration of “resolution 2020 5 05” (as stated in the transcript) to approve and ratify the purchase agreement and related documents for property within the town center at 2300 East Port Union community reinvestment…
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