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Newport commissioners approve $3.8 million purchase of nine Monmouth/Grama Street parcels
Summary
The Board of Commissioners approved Order No. 66 to buy nine parcels on the 600 block of Monmouth/Grama Street for $3.8 million, directing the mayor to execute documents; staff said the move would extinguish nonconforming adult-entertainment uses and prompt an RFP for redevelopment.
The Newport Board of Commissioners voted to approve Order No. 66, authorizing the city to purchase nine parcels on the 600 block of Monmouth/Grama Street for a stated acquisition price of $3,800,000 and directing the mayor to execute necessary documents.
Staff presented a detailed analysis behind the recommendation and said the purchase would allow the city to control future redevelopment of the block. "This is 9 separate parcels; however, it essentially functions as 6," the presenter said, adding the "acquisition price is 3,800,000." The clerk conducted a roll call and each commissioner on the record voted yes.
The order authorizes the mayor to finalize closing and execute related documents; staff told the board the city will move quickly to secure and stabilize the properties, then issue a request for proposals (RFP) for redevelopment. No final redevelopment plan was adopted at the meeting.
The vote concluded a special meeting at which staff explained appraisal and operational considerations, zoning effects, environmental clearance, and short-term stabilization budgets. The mayor said the purchase allows Newport to "turn a page" and invited public input during the RFP phase.
Provenance: topic introduced in presentation and justified in staff slides and board remarks.
