|A project in the works for quite some time has finally come to fruition.
The City of Galesburg was recently approached with a proposal to buy and renovate the downtown Community Center.
Mark and Jeanette Kleine of M.A.K. Properties, LLC will be purchasing the building for $115,000 - contingent on City Council approval.
The sale price is above the appraised value of $67,500 and reportedly will cushion the City's General Fund with an extra $57,000
Mayor and WGIL Owner John Pritchard tells WGIL that he thought due diligence was taken.
"I think the aldermen have used the proper method to assess the situation," says Pritchard. "They got the property appraised and it's selling for a fair price and I'm certainly in favor of the project and the number of jobs that are going to be added to the community."
The extra money will, according to the press release, be used to fund contractual expenses.
The Kleines reportedly plan to invest $1-million in renovating the existing structure with the help of local entrepreneurs.
The structure is one of 23 buildings with a Local Historic Landmark designation.
Pritchard tells WGIL that the costs associated with the building were part of the decision.
"One of the factors I know some of the aldermen considered was the fact that the building itself would require substantial facade renovation costs," says Pritchard. "It's an older building, 1905, and to improve it and make better use of the community center would be quite expensive. Those are more factors that played into why we should let someone else own the property."
A new business - which has not been disclosed - will reportedly create eight full-time and eight part-time jobs.
The Kleines reportedly plan a reopening of the facility in late summer. The City Council will take up the matter at Monday's City Council meeting.