The Two Rivers Company has optioned the purchase of the former Bank of America building with an eye to developing it as green space,a civic park, in the downtown area. The Two Rivers board of directors will pay $60,000 for a one year option with that amount going toward the purchase price if the building. Purchase price on the bank property is $995,000.
It’s the first step toward creating a civic park and the TRC board hopes that will attract more commercial and residential development to the downtown area.
Tuesday’s agreement could be the first formal step to creating a civic plaza park, which TRC’s Board hopes will attract more commercial and residential development downtown.
In the coming weeks and months, experts will evaluate the site and review both physical and financial aspects of the property.