GRAND RAPIDS, Mich. (WOOD) — The Kent County Road Commission has decided not to sell its riverfront property to the only firm that put in a bid.
Road commissioners voted unanimously Monday not to take a $5 million offer from Christopher Weller’s 2722 Vassar LLC. The road commission decided the bid was too low said the cost to rent out the land for the next couple of years wouldn’t be practical.
The road commission put its 14-acre plot on Turner and Scribner avenues NW south of Ann Street up for sale in December. That property, which sits along the Grand River on Grand Rapids’ West Side, houses the Central Complex, administrative offices and salt storage.
The commission wants to move to land at the Walker View Industrial Park that it bought in 2016, but it needs the money from selling the old property to build a new Central Complex there.
“We appreciate the time and effort taken to submit the proposal. However, the market appears to be telling us that it is not the right time to sell this property,” Kent County Road Commission Managing Director Steve Warren said in a statement. “Because this sale is integral to the financial strategy of relocating our Central Complex, we will continue to research and evaluate the market and the redevelopment of the river corridor to assess opportunities that better align with our financial requirements.”