Historic Good Hope Street Properties Up For Donation To Interested Developers

Jul 5, 2017

Properties 631, 633, and 635 on Good Hope Street in Cape Girardeau were slated for condemnation, but are now being offered as a donation to interested developers.
Credit Lindsey Grojean/KRCU

Cape Girardeau city development officials have issued a request for proposals from developers for three blighted properties in the city’s downtown. If selected, developers have the opportunity to have properties 631, 633, and 635 on Good Hope Street donated to them at no cost, and also a tax lien waived, if they complete the project.

 

Director of development for the city of Cape Girardeau, Alex McElroy, says the buildings were slated for condemnation, but were given a second chance.

 

“Those buildings are very unique,” says McElroy. “I think it adds a lot of character to our downtown, and it’s something we’d like to be able to preserve.”

 

McElroy says the buildings are on the national historic registry, making them available for a historic preservation tax credit.

 

Interested developers have until August 25 to submit their proposal to the development office in Cape Girardeau.

https://www.cityofcapegirardeau.org/CityHall/Development-Services-Department.aspx