Wichita city council postpones vote to sell land near stadium for $1 per acre
The Wichita City Council postponed a move to sell land around a new baseball stadium in downtown.
The city currently owns roughly 24 acres where Lawrence Dumont Stadium once sat.
Mayor Jeff Longwell said a bulk of the land will remain in the possession of the city. Approximately four acres are being sold for $1 per acre to Wichita Riverfront LP.
Longwell said it was all part of the city's pitch to get the New Orleans Baby Cakes, a Triple-A baseball team, to move to Kansas.
"The transfer of four acres gets us $38.5 dollars in revenue over the next 20 years," said Longwell.
The mayor said real estate negotiations are often done behind closed doors and then presented to the public once there's a deal.
City leaders hope the four acres of land will be developed to include restaurants, shops and hotels.
The deal will be back before the city council in two weeks.
New renderings show what the stadium could look like once it's completed next spring. Construction on the site has already started.