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EDB discusses $350,000 demolition support to enable Ace Hardware build-to-suit
Summary
Board members discussed assisting demolition and site preparation for a prospective Ace Hardware build-to-suit on the old bowling alley site; rough demolition estimates ranged from $600K–$800K and the board signaled willingness to consider up to $350K in assistance pending abatement estimates.
The board discussed a potential Ace Hardware build-to-suit for the bowling alley site downtown and the need to demolish the existing structure to make the site suitable. Bill Everett described negotiations and a possible purchase price reduction for the land; he asked the board what level of county assistance would make the deal feasible.
Board members cited precedent costs for demolition and environmental testing, noting an earlier teardown (Hardware Hanks) had demolition and environmental testing costs in the mid-hundreds of thousands. The transcript records rough demolition estimates of $600K–$800K for the current bowling alley building; Kevin Hart proposed the board consider up to $350,000 to get demolition started. The board agreed this would be a sound investment if the numbers align, but asked for formal abatement and demolition estimates before any commitment.
