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Option Approved For Part Of The Third Street Prison site

A portion of the old Prison Property on Third Street may soon be sold to develop senior housing.  The Chillicothe City Council approved an option to sell 5.61-acres of the 24.75-acre property, essentially the northeast quarter of the parcel.

According to the ordinance to approve the option to sell, MBL Development Company of Kansas City will pay $5,000 to the city on the execution of the option.  That option is binding through July 1st, 2022.

The proposed purchase price of the property is $84,000, with the sale contingent on financing through the Missouri Housing Development Commission.

Among the stipulations of the contract are a letter stating the land is zoned property for a Senior Housing Complex, and covenants will be in place that the property will only be used for a Senior Housing Complex

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