LESTER PRAIRIE, MN – The $30.000 the city of Lester Prairie spent to acquire the former hotel property at 100 Maple Street South may be just the tip of the iceberg when it comes to the total cost of the acquisition.
The city recently purchased the property with the intention of demolishing the structure and using the land for future development, possibly of some type of senior housing or assisted living facility.
The council learned during its Feb. 11 meeting it will cost an estimated $34,000 for asbestos abatement before the building can be demolished.
It will then cost an estimated $54,000 to $87,000 to demolish the building and reclaim the site, depending on whether or not it is used for fire department training first (burning the building will reduce the cost of demolition).
Read more in the Feb. 17 issue of Herald Journal.