Kent State Buys House for Esplanade
Acquisition will bring total number of properties bought for expansion to 43
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Esplanade Extension to Downtown Kent
Kent State University agreed to buy this house from the Portage Metropolitan Housing Authority at 213 S. Willow St. for its appraised value of $200,000. The house will likely be demolished to make way for the Esplanade.
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Kent State University's Board of Trustees agreed Wednesday to buy another property in the neighborhood west of campus in order to expand the Esplanade into downtown Kent.
The board voted to buy the house at 213 S. Willow St. from the Portage Metropolitan Housing Authority for its appraised value of $200,000. The house sits on about 0.27 acres.
The buy will bring Kent State's total spent on property for the project to about $9.1 million. It will be the 43rd property acquired for the Esplanade expansion.
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Chris (Kit) Myers
12:29 am on Thursday, December 13, 2012
Lefton the Paver strikes again!
Traci Monroe
6:40 am on Thursday, December 13, 2012
How is that house worth 200,000.00!!
Steve R.
8:24 am on Thursday, December 13, 2012
location location location
Chris (Kit) Myers
8:34 am on Thursday, December 13, 2012
It is a beautiful and charming old home with a storage shed in the back yard and obviously professionally landscaped, too. Just kidding.
You will have to ask Kent State what method they used for appraising it. They will not pay more than appraised value.
Matt Fredmonsky
11:20 am on Thursday, December 13, 2012
Traci, I can't speak to this house specifically, but I know in the past when the university appraised houses it bought for the Esplanade the appraisals included a calculation for how much income the house can generate if it is a rental property. That potential income generation was then included in the appraised value in past cases.
Chris Carman
10:24 pm on Thursday, December 13, 2012
Uh oh, I heard that a distant cousin of the Kent family once slept there, we should save it and move it to the plaza downtown!
Chris (Kit) Myers
11:04 pm on Thursday, December 13, 2012
People probably loved, laughed, raised children, cried, and perhaps died in that house. Oh, what the walls could tell. Now it's being torn down for a sidewalk.
Alas! A cruel fate. Seems a pity...
Chuck Veppert
10:53 pm on Thursday, December 13, 2012
KSU pays whatever they want for property. It is just money, and tuition can be raised anytime more is needed.