The town of Burnet inked a deal to acquire the outdated Bealls creating on Polk Street for its new Town Hall.
Burnet Town Supervisor David Vaughn mentioned the city shut on the building Wednesday, June 16, and now owns it.
“We paid $1 million for the constructing and foresee that it will value a different $3 (million)-$4 million in renovation prices,” he stated in an electronic mail.
Vaughn included that the upcoming move is to employ the service of an architect for the rework layout and then make your mind up on the project’s development management.
The metropolis commenced wanting for a new Town Hall area earlier in June. The recent facility, 1001 Buchanan Travel, experienced substantial harm for the duration of the February winter storms. The metropolis has leased the room considering the fact that 2001.
Officials considered discovering a developing to renovate or setting up just one from the floor up. Creating a new Metropolis Corridor would likely charge $6 million to $8 million, Vaughn said.
On June 11, the Metropolis Council authorised a resolution authorizing the town to spend up to $1 million on the former Bealls, which is about 16,000 square toes.
The metropolis can faucet a mix of loans and extra dollars reserves to fund the challenge, which could get up to 18 months to entire.
In 2020, Bealls’ dad or mum company, Phase Retailers, submitted for Chapter 11 bankruptcy, which led to it closing a amount of its shops, such as those in Burnet and Marble Falls.
