City’s Gateway Drive lots along highway appraised at $40K each

Posted 11/22/22

The Gateway Drive lots a local electric company and car dealership have asked to buy from the City of Powell were appraised at $40,000 apiece.

The appraisals were a step in a process whereby the …

This item is available in full to subscribers.

Please log in to continue

E-mail
Password
Log in

City’s Gateway Drive lots along highway appraised at $40K each

Posted

The Gateway Drive lots a local electric company and car dealership have asked to buy from the City of Powell were appraised at $40,000 apiece.

The appraisals were a step in a process whereby the city could choose to sell the lots to the two businesses without having to go out for bids as a way to support community development.

City council tabled a vote on how to move forward on selling the two lots due to two council members being absent from what Mayor John Wetzel said was a big decision.

Attorney Sandee Kitchen said if the city does want to avoid an open bid process, it needs to hold a public hearing after repeated announcements of the hearing to give people a chance to say whether they agree with the lots being sold to Yellowstone Electric and Yellowstone Motors as a way to further community development.

Yellowstone Electric owner Zane Bennett told city council previously he would like to put a Level 2 EV charging station at the site to start, and possibly a coffee hut and connections for vendor trucks.

Yellowstone Motors wants to buy the Gateway lot adjoining its dealership as a way to expand its EV Hummer line.

The city could decide to bid both lots, sell both lots to the interested buyers after the public hearing process, or take a different action with each of the two lots.

Comments