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Archive for Wednesday, March 24, 2010

City moves to acquire Farmland

The city's plan to purchase farmland near Lawrence is almost complete. The city plans to convert the space into a business park, attracting jobs for Lawrence residents.

March 24, 2010

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City commissioners on Tuesday said they’re ready to finalize a deal to take over ownership of the former Farmland Industries fertilizer plant.

Commissioners unanimously directed staff members to prepare the final documents to transfer ownership of the 467-acre site on the eastern edge of Lawrence.

“I think as we move ahead as a bioscience center, the opportunities for this piece of property are endless,” said Commissioner Mike Amyx, who has been a longtime supporter of the city’s plan to convert the property into a business park.

Under the proposed deal, the city will receive $8.5 million from the Farmland bankruptcy trust in exchange for assuming liability to clean up the property.

The property has been damaged by years of nitrogen fertilizer spills, but commissioners expressed confidence the trust fund will be enough to fund the 30-year environmental plan for the property.

Final documents are expected to come to the City Commission for approval by the end of this spring.

Comments

paulette2 4 years ago

this will give LJW something to write about the next 20 years!

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mdrndgtl 4 years ago

Mdrndgtl moves to acquire cheetos.

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paulette2 4 years ago

the barber was for this, enuf said.

deep deep debt and endless possible cleanup costs.

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Reality_Check 4 years ago

I want to vote on it. We are being shut out of this decision-making process.

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honestone 4 years ago

Times are tough for me. My hours have been cut back some. My taxes have gone up. I am way behind on my mortgage and they just shut off my electricity. The kids need to see the doctors too but I told them "Times are tough. Just deal with the pain a little while longer. Things will look better sometime soon" I also just bought this really great motorcycle for only $10,000...what a deal...and I have been eyeing this property at the lake that has just came open...it is a steal. Sorry kids

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edjayhawk 4 years ago

I hope they did some research on if they can make any money on it. That's what I hate about government. They don't know anything about business and how to create revenue.

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openyourmind 4 years ago

does the City Commission not believe and trust KDHE on their 13.3 million dollar cleanup estimate? And once you get in there and start cleaning up you know more area and more contamination will be found only increasing the price to clean up. And then what happens when it finally is cleaned up? City Commissioners will give tax credits and abatements to the company to locate here, in which 95% of the employees will commute in from JOCO and the tax base for Lawrence won't even increase...similar to any number of other projects this City Commission has screwed up. And JayHawkLawrence, just because someone used some guts to do something doesn't make it right or intelligent. It took guts for the 9/11 terrorist to fly into the Towers, but are you proud of their decision?

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bigdave 4 years ago

Did_I_say_that (anonymous) says… dudedog12 (anonymous) says… "...what makes you think this spot will flurish ?"

Spilled fertilizer.

LOL! Now that's funny!!!

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Tammy Copp-Barta 4 years ago

Here we go again .... wasting more money .... we HAVE to get these people out of the commission before we are so far in the hole we can never get out .......

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Tammy Copp-Barta 4 years ago

Here we go again .... wasting more money .... we HAVE to get these people out of the commission before we are so far in the hole we can never get out .......

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jayhawklawrence 4 years ago

Now is the best time to solve this problem. The longer we wait the more expensive it will be to fix the problem.

The city needed to do something and they came up with a very creative and best plan in my opinion.

I am glad they took responsibility in spite of the risk. It shows they have some guts to make decisions.

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Benjamin Roberts 4 years ago

@ momma - Its known as OPM: Other Peoples' Money. OPiuM - a narcotic, creates a strange sense of euphoria and emotional detachment from events and other people; it is very addictive.

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CreatureComforts 4 years ago

Thought lawrence was broke?


This is Lawrence, home of irrational spending! Why would a little thing like no money stand in the way of buying something in Larry?

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scootterxlch 4 years ago

PUBLIC VOTE. FARMLAND SCREWED IT UP FARMLAND SHOULD CLEAN IT UP. THIS IS A FOOLS ERRAND!!!

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Christine Pennewell Davis 4 years ago

Wow wish I could spend money like these guys and not have to worry about where it is coming from or how to pay anything back.

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Benjamin Roberts 4 years ago

LTownBaby (anonymous) says… "You are all idiots: ... can you not read, it says the money from the previous owners trust will be enough to clean it up, no new money..."

From the above article, "Under the proposed deal, the city will receive $8.5 million from the Farmland bankruptcy trust in exchange for assuming liability to clean up the property."

The trust money is only a payment for assuming the liability; it will not cover the cost. The trust fund will fall short by $4.8 million less any possible interest dividends.

A previous article clarified this: "It also will bring some risk. The $8.5 million in trust fund money is less than the $13.3 million the Kansas Department of Health and Environment estimates will be needed for 30 years of cleanup." http://www2.ljworld.com/news/2010/mar...

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classclown 4 years ago

“I think as we move ahead as a bioscience center, the opportunities for this piece of property are endless,” said Commissioner Mike Amyx,...

===================================

Considering the location, I envision this going on there. http://www.youtube.com/watch?v=bLO7IxKwruc

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LTownBaby 4 years ago

You are all idiots:

LadyJ - we did vote for it when we voted for the 5, this is how government works

lgreen - can you not read, it says the money from the previous owners trust will be enough to clean it up, no new money

dude - you might have a point, but we need bigger sites for the companies we want to attract

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LadyJ 4 years ago

Should be voted on by everyone, not just a handful.

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lgreen17 4 years ago

This is a terrible use of taxpayer money!!! The riverfront mall was supposed to bring business to lawrence, the tanger outlet mall was also supposed to bring in $$. Neither did and sit mostly empty, or with city offices.

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dragonwagon2 4 years ago

LOL - that's a good one! :)

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Benjamin Roberts 4 years ago

dudedog12 (anonymous) says… "...what makes you think this spot will flurish ?"

Spilled fertilizer.

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Steve Miller 4 years ago

Why is this property any better than the park just east ? It is not keeping full house, what makes you think this spot will flurish ?

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