Urban Renewal Agency buys King's building
The Mountain Home Urban Renewal Agency has purchased the King's building in anticipation of leasing the downtown core facility to a major retail chain store.
The URA signed the paperwork Friday, paying $235,000 for the building that has been vacant for a decade.
It anticipates spending anywhere from $300,000 to $500,000 to remodel the building. Since the building was originally constructed half a century ago, changes in building code requirements will force the remodeling work in order to bring it up to modern code standards.
Waiting in the wings is "a national family branded retail store" that has shown interest in leasing the building. The name of the national chain store has not been released, pending an official announcement by the firm (which the Mountain Home News has agreed to respect), but it is a company that began as a regional chain and has gone national in recent years. Three of its growing number of stores are located in cities in Idaho similar in size to Mountain Home and a spot-check of officials in those cities drew universal praise for the company's operations in their communities.
If all goes well, the company hopes to sign a lease by the first of the year and be open some time in late spring of 2012.
For the full story, pick up a copy of the Mountain Home News or click on this link to subscribe to the newspaper's online edition.