Commissioners Get Negative Recommendation on Purchase of Old Wal Mart Building

At Tuesday’s meeting of the Jackson County Board of Commissioners, County Manager presented information relating to the impending foreclosure sale of the old Wal Mart building. The State Bank of Texas holds a $1.2 million lien on the facility, and will not reduce that amount in a purchase from the county.

Next, Lakey presented the report generated by Ajax Building Corporation, the company which would build the proposed 14,000 sq. ft., $10,000,000 new building if approved by the Commission. Their analysis of the renovation costs of the 100,000 sq. ft. Wal Mart building yielded a $5.8 million dollar renovation cost. Based on this, Lakey recommended the consideration be dropped by the Commission. No action was taken.