YOUR BUSINESS AUTHORITY
Springfield, MO
The Branson Board of Aldermen yesterday approved the sale of a former high school for use as a housing project.
The unanimous approval from the board paves the way for a contract allowing the city to sell the nearly 2.6-acre property to Branson-based Lifestyle Contractors LLC for $50,000, according to a news release. The building reportedly has been vacant since 2008.
“While $50,000 may seem like a low number, that property is loaded with asbestos. The last estimate we received to remove it was $250,000,” Mayor Larry Milton said in the release. “It is currently an eyesore and a safety hazard. We have tried many times to try to find a developer for this piece of property.
"This board and I feel like this is the best decision for our city."
Lifestyle Contractors plans to build a multifamily, attainable housing development at the site, 300 S. 6th St. It could include up to 65 units.
"This will get rid of blight and bring in some much-needed family housing," Milton said in the release.
Missouri State University’s science building, built in 1971 and formerly called Temple Hall, is being reconstructed and updated.