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Martinsville To Buy Property For $1 Million Near Ind. 37

By Gretchen Frazee

Posted March 9, 2012

The city of Martinsville is purchasing a property near highway 37 for more than $1 million. The Martinsville City Council approved the measure this week, and the city is finalizing the terms of the agreement.

The city says it has not decided exactly how the property will be used, but council member Gary Lester says the purchase was still a good deal.

"This came available and we were able to purchase it way below the assessed value of it, and it's got everything that we need," he says.

Lester says one option on the table is to move the street department and water and sewer department there although that would not be for at least another year and half.

The location is near the proposed route for I- 69. If the interstate goes through Martinsville, the city may have to sell the property to the state. Deckard says when discussing whether or not to purchase the property, the city was not looking to make a profit off the land.

"That certainly was not our intention nor was that thought ever considered at the table," he says. "However that would be a plus for the city if we could acquire some profits. As you know cities are operating on fewer dollars than we have in the past years."

The city has purchased other properties for a proposed parking lot in the town square, street upgrades and business development.

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Martinsville To Buy Property For $1 Million Near Ind. 37

By Gretchen Frazee

Posted March 9, 2012

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