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October 22, 2014, 9:24 pm
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City Close to Finalizing Purchase of Downtown Block


The City of Springfield is getting close to finalizing the purchase of a full city block of prime downtown real estate.

 

Mayor Mike Houston touted the potential of future development during his annual State of Downtown address Wednesday night at the Hilton.

 

The block bounded by 4th, 5th, Capitol and Jackson currently houses the vacant YWCA building, and sits across from the Governor’s Mansion.

 

Houston says once the estimated $1.5 million purchase is complete, the city will put out requests for proposals on how to develop the land, which could become the focal point of a new downtown TIF district.

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